404 1st Street , Magdalena, NM 87825(Socorro County)

0.73 Acres in Magdalena, NM - $495,000

The Western Hotel consists of 6 rooms. 5 rooms have 2 beds, fridge, small appliances for the convenience of the people staying overnight, and a 3/4 bath. 1 unit has a kitchenette off the bedroom, and has 2 separate access doors. The main house has so much potential for additional income stream. Two of the three bedrooms have been rented out in the past, and the house could be a fantastic Bed & Breakfast, event space, or primary home for additional income potential.RV Park consists of 12 to 14 extra large space, with community water, city sewer, electricity, & satellite connection. Spaces rent between $25.00 to $35.00 per night, but has the potential for higher rates. The main house consists of 1854 sq.ft. with 3 bedrooms, a large dining room, and country kitchen.