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    5.42 Acres Nelson Ave Farmington, NM 87401

    For Sale
    $950,000

    Unimproved Land - Farmington, NM

    Type:Unimproved Land
    Days on Market:
    15
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 5.42 Acres Nelson Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Standard status
    Active
    Zoning
    Mixed Use
    Parking
    21

    Building Details

    Architectural style
    Other

    Real Estate PROS (505) 588-7767 [email protected]

    Listing agent Jodi Brown (505) 588-7767 License #45463

    Listing date Nov 21, 2025

    MLS# 25-1512 Listing URL

    Copyright © 2025 San Juan County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Farmington Land Development Opportunity

    This is a 5+ acre infill development opportunity located near the Cannery Apartments with direct access from Broadway. It is positioned inside Farmington's Metropolitan Redevelopment Area (MRA), which encourages higher-density housing, infill development, and public/private partnerships. Future projects may explore incentives such as tax-increment supported improvements, infrastructure assistance, and other redevelopment tools. The site is suited for multifamily or senior-oriented housing and aligns with financing opportunities through the New Mexico Housing Trust Fund (NMHTF), which offers discounted financing for qualifying rental and senior projects. Utilities are in the street, including two water taps, natural gas, and electric. Road improvements are complete, offering access and reducing upfront development costs. The property has proximity to Four Corners Regional Airport, San Juan Regional Medical Center, medical offices, and Farmington's revitalized downtown district featuring art galleries, restaurants, entertainment, and Main Street cultural offerings. It is suited for investors and builders to bring Farmington's next residential community to life.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.220587
    Latitude
    36.727666

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    FAQs

    What type of property is this?
    Land - Prime 5+ acre infill development opportunity in Farmington, NM.
    Where is this land located?
    The property is located at 5.42 Acres Nelson Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Prime 5+ acre infill development opportunity within Farmington's Metropolitan Redevelopment Area (MRA).; - Designation encourages higher-density housing and offers potential incentives.; - Ideally suited for multifamily or senior-oriented housing with alignment for financing opportunities through the New Mexico Housing Trust Fund (NMHTF).
    (505) 588-7767
    Request Owner's contact information
    5.42 Acres Nelson Ave Farmington, NM 87401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5.42 Acres Nelson Ave Farmington, NM 87401
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