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For Sale

505 First Street

505 First Street, Magdalena, NM 87825

$1,000,000
Rare opportunity to own the Golden Spur Saloon in Magdalena New Mexico. The sale includes the dispensary license which includes package liquor sales and liquor sales on Sunday. This One of a Kind 1936 property has the original oak floors, newly resurface pool tables, stage area, open outdoor patio with plenty of seating and tons of storage. The plumbing and electrical has been recently updated. All of the equipment is newer. The sale also includes the Golden Grill Cafe next door with newer equipment and updated plumbing & electrical. Located on main street the place is always busy. This is the only saloon for miles. Fantastic opportunity to take over an already established business.

10,890 Sq.Ft. lot

Features & Amenities

Area & Lot

  • Status For Sale
  • Lot Area10,890 Sq.Ft.
  • MLS® ID1076464
  • TypeCommercial

Exterior

  • STORIES1
  • utilitiesElectricity Connected, Propane, Sewer Connected, Water Connected
  • HEAT TYPEPropane
  • AIR CONDITIONINGEvaporative Cooling
  • other exterior FeaturesPropane Tank - Leased

Financial

  • Sales Price$1,000,000
  • Real Estate Tax $1,219/yr
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.

Thank you for your interest in 505 First Street, Magdalena, NM 87825. We are reviewing your request and will be in touch shortly!
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About 

Realty One of New Mexico

Founded in New Mexico, R1 is more than a real estate brokerage; we're a cornerstone of community growth and stability. With 16+ years in business and over $16 billion in sales, we've become the largest and most productive brokerage, a testament to our commitment of excellence and authenticity.

R1 brokers, steeped in knowledge and empowered independence, understand that a transaction is more than a deal. Choose an R1 broker and experience the home selling or buying process guided by culture, community, and a shared passion for turning houses into homes.

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Contact Details

R1 REAL ESTATE PROS

Phone

(505) 883-9400

Email

[email protected]

Address

9674-3 EAGLE RANCH ROAD ALBUQUERQUE NM 87114

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