2050 Knudsen Ave Farmington, NM 87401

This modern, multi-use commercial building offers a versatile space with income streams and room for growth. The property has a total area of 16,498.8 square feet and includes 8 units, 6 of which are fully finished. The property features two upper-level live/work or executive-style suites, each equipped with two bedrooms and two bathrooms. Suite 1 measures 1,516 sq. ft., while Suite 2 offers 1,528.8 sq. ft. Both suites feature custom cabinetry, open-concept layouts, and views of Farmington. The unfinished main-level units are suitable for retail, professional offices, or customizable tenant build-outs. The seller is willing to contribute up to $20,000 per unit towards finishing, including one restroom and standard interior finishes. A long-term lease is in place with Fresenius Kidney Care Dialysis, a national healthcare provider, occupying 7,338 sq. ft. The lease began three years ago with an initial 10-year term, currently at $9,500 per month with 2% annual rent increases, and an automatic renewal option for an additional 15 years. The property also includes a 3,032 sq. ft. conference and event venue, featuring two full restrooms, storage, and a fully finished kitchen. Optional management is in place, offering a low-maintenance investment. The property, located in Farmington, NM, sits on a 1.24-acre lot and is zoned for mixed-use. It is suitable for investors seeking stable cash flow, long-term appreciation, and flexible expansion.