Opportunity truly abounds on this spacious 0.55-acre parcel in the historic Village of Magdalena, where character, history, and potential come together in one compelling package. The large commercial building offers an impressive footprint with a garage equipped with a lift, dedicated office space, a comfortable living area, overhead storage, and a generous retail section, all accented by original hardwood floors and beautiful tongue-and-groove wood paneling that speak to its past. One portion of the retail area will require significant repair due to a roof leak, but for the visionary buyer, its a blank canvas ready to be reimagined. This building has lived many lives, once a grocery store, a mechanics shop, and even a barbershop, adding to its charm and story. Complementing the commercial space is a cozy 1,000 sq ft adobe home featuring classic thick adobe walls that naturally regulate temperature year-round. The warm, spacious kitchen flows into a bright living and dining area, creating an inviting atmosphere throughout. Out back, the fully fenced yard frames stunning views of the Magdalena Mountains and includes its own garage. With Village water and sewer already connected, easy access, and endless possibilities for business, living, or both, this is a rare chance to bring new life to a property with deep roots and remarkable potential.