Farmington Land Development
For Sale
$950,000
5.42 ACRES NELSON Avenue, Farmington, NM 87401
COMMERCIAL - Farmington, NM
Days on Market253
Property Features for 5.42 ACRES NELSON Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Subdivision
Cannery
Directions
From Broadway turn south on Nelson. Property is the vacant land at the corner of Broadway and Nelson.
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Description
CANNERY SUBDIVISION REPLAT B LOT 1A-2 BK.1409 PG.824 BK.1413 PG.181 BK.1466 PG.410,412 BK.1645 PG.700
Tax Annual Amount
8472
Legal Description
CANNERY SUBDIVISION REPLAT B LOT 1A-2 BK.1409 PG.824 BK.1413 PG.181 BK.1466 PG.410,412 BK.1645 PG.700
Listing Agency:
Real Estate PROS
(505) 588-7767
Listed By:
Brandon Ryan · License #45463
(505) 588-7767
Added: Nov 20, 2025
Changed: May 13
Last Checked: Jul 31 at 8:06AM
MLS# 25-1512
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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).
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 87401, NM
44,724
Population
17,611
Households
2.5
Avg Household Size
34
Median Age
19%
College-Educated
88%
High-School Grad
132.8 sq mi
ZIP Area
337
Density / Sq Mi
$56,358
Median Household Income
$31,362
Median Earnings
$983
Median Rent
$202,400
Median Home Value
Market
Properties on Market for Land in Farmington
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 Avenue 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).
