RV Park/Campground Details

  • Purchase Method: Cash, New Loan
  • Property ID: 1600697
  • Posted On: Feb 10, 2022
  • Updated On: Aug 9, 2022

Property Description

Can easily earn $100k+ even when not at max capacity.
Situated in the historic village of Magdalena, NM, this charming non-zoned property is located about 1.5 hours from Albuquerque and 20 min away from New Mexico Tech University and the City of Socorro (main major city). The frontage of the property is right along route 60 and consists of 2 separate buildings. The first is a 1780 sq ft house. It boasts 4 bedrooms, 2.5 bathrooms, and an office. It is a quaint 1920’s Adobe style home with 2 wood stove fireplaces, gas heating, unique entrance way and hall, spacious living area and eat-in kitchen with ample cupboard space and a large shelving unit. The flooring is real hardwood, laminate, and carpet. This home has a rich history, operating as a maternity hospital in the 1920’s and in more recent times, a bed and breakfast/motel. The second building consists of 5 1-bedroom, 1-bathroom units, plus an additional suite in one of the units, a laundry room and bonus maid room that can be converted. In total there is 3800 square feet of living space. Linens and furniture are included in the purchase price. In addition to the 2 buildings, the property includes an income producing RV park with 12+ spaces. The RV park has 6 pull throughs, 6 back-ins, a gazebo, firepit, and a space for a single-wide mobile home that is ready to go. Adjacent to the RV park, there is a large workshop/shed/storage that includes many power tools valued in the thousands. The potential uses for this property are a motel, bed and breakfast, family compound, senior living complex, studio, nonprofit organization offices, and RV mobile home park. Additional attributes include city water and sewage. Total property size is ~2 acres. Sky's the limit for the potential uses of this property!

www.thewesternmotel.com

404 First St.
Magdalena, NM, 87825

Asking $495,000 cash
OBO
Motivated Sellers
No P/L ledger

All Lodging material, furniture and supplies stay.
12+ RV spaces
Adjacent Building-6-Rooms (5/Bdrms 5/Baths)
Other room is laundry/linen/bonus room
Abode house-4/Bdrms 3/Baths
Both buildings ~3800 sqft
Unzoned, animals ok
Shed/workshop

Location

The property is situated directly on Interstate Hwy 60, 1.5 hr drive from Albuquerque. Magdalena is a small yet highly trafficked town full of community activities and tourist attractions
-Old Timers" share a history of mining and ranching.
-Working cowboys and cowgirls ride the range and rodeo.
-Outfitters guide hunting expeditions.
-World-class and novice astronomers share telescopes to gaze at our dark skies.
-Artists create indigenous folk art, contemporary art, happenings, sculpture, and stained glass. Can you find the outdoor public art?
-Musicians entertain with original and traditional blues, folk rock, country music, rock n roll, and jazz.
-A Performing Artist delights with small cast plays and poetry readings.
-Poetry Box?
-Photographers take advantage of our transformative light enhancing everything it touches: the magical high-desert scenery, the captivating faces…
-Volunteers care for animals, improve reading skills, renovate buildings, and feed those in need.
-Talented high-school athletes receive standing ovations and win state championships.
-Authors publish children’s books, prose and poetry inspired by our culture and history, falconry, art and music, convent life, and spur making.
-Artisans create tie-dye clothes, jewelry from local stones, metal art, and signs.
-Residents form a hiking club and invite us to an “Ice Cream Social" to brainstorm village priorities.
-We all celebrate community with fry bread, potlucks, baked goods, chuckwagons, dance and song.

Amenities

  • Laundromat
  • Storage
  • Boat Access
  • Manager Office
  • Wifi
Interested in purchasing this RV park? Get pre-qualified for a loan.

Park Information

Number of RV Lots: 12
Year Built: 1920
Average RV Lot Rent: $55
Size: 2.0 acre(s)

Financial Information (Pro Forma)

Gross Income $100,000
Debt Info No Debt