400 First Street Magdalena, NM ^$ 365,000

400 First Street

^$ 365,000

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400 First Street

Magdalena, NM, 87825

^$ 365,000

Studio Baths0.0

Monthly Estimate*

^$ 2,550

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Studio

Commercial Property for sale in Magdalena, NM

for $365,000. The lot size is 0.24.

Come & make this 2163 SF. Adobe building yours today in the historic town of Magdalena. You can live & have your business all in one! Oak & pine flooring throughout home. Property is fully fenced & on a corner lot on Historic Highway 60. Landscaped front & back, with mature Pine & Fruit trees. 550 SF. New metal roof, electrical & plumbing. Wood stove, propane & electric baseboard heating. 600 SF of attic space with 11 foot ceilings. Original metal ceilings. 550 SF Rock Building which would make the perfect studio or workshop. Majestic mountainous views. Home of the Dark Starry Skies. Breathing taking New Mexico Sunsets. Hiking trails nearby. Mild winters and cool summers. Come and make this home yours today in the Land of Enchantment!

Commercial Active

Price

^$ 365,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 476

Style

MixedUse

Lot Size

0.24

Town/City

Magdalena

County/Region

Socorro

MLS | Web ID

1035768

Features

General

Heating Electric Propane Other SeeRemarks WoodStove

Cooling None

Utilities ElectricityConnected Propane PhoneAvailable PhoneConnected SewerConnected WaterConnected

Exterior Features PropaneTankLeased

Construction Materials Adobe Stucco

Tenant Pays None

Property SubType MixedUse

Gross Income 0.0

Community Features FencedYard

Accessibility WheelchairAccess

County Socorro

Operating Expense 0.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Building Features PublicRestrooms Storage

Status Active

Directions From Socorro take Highway 60 West towards Magdalena. Property will be to your right of North Pine and Highway 60

City Magdalena

Buyer Agent Compensation 3%

Disclosures RANM2100Disclosure

View Y/N N

Senior Community Y/N N

Zoning Description R-1

MLS Area 621 - South Socorro

Lot Size Square Feet 10454.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name First

Listing Terms Cash Conventional FHA VALoan

Property Attached Y/N N

Land Lease Y/N N

Tax Annual Amount 476.18

Home Warranty Y/N N

Ok to Lease None

Lease Renewal Y/N N

Additional Parcels Y/N N

Leasable Area 70.0

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 0

Lease Type None

Standard Status Active

Legal Description N/A

Exterior

Fencing YardFenced

Total Parking 8.0

Spa N

Lot Size Acres 0.24

Road Surface Type Paved

Lot Size Source PublicRecords

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Street Suffix Street

Electric On Property Y/N N

* Excluded Features

List By

Karolyn Chavez

Listing Agent

Realty One Of New Mexico

Broker

karolynchavez20@gmail.com

Affordability Calculator

$2,589

Per Month

Monthly Principal & Interest: $2,550
Monthly Property Taxes: $40
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Magdalena, NM

Average List Price ^$307,500

Percent of Sale Price 16%

About Magdalena, NM

884 Population

-7% Since 2002

^$28,654 Median Income

47.33 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

537023 Elementary School

537125 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/8/2023	$365,000		Listed Price

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400 First Street, Magdalena, NM, 87825 is a Commercial Property for sale at $365,000 with a lot size of 0.24. 400 First Street is a studio with 0.0 baths. The property's zip code is 87825 which is in Magdalena, NM

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Southwest Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/29/2024.

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400 First Street

Commercial Property for sale in Magdalena, NM

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