Level Commercial Development
For Sale
$100,000
S LAKE Street, Farmington, NM 87401
LAND - Farmington, NM
Property SizeContact for details
Lot Size1.30 Acres
Days on Market169
Property Features for S LAKE Street
General Information
Property type
Land
Property subtype
Other
Zoning description
Multi-Family Hi Dens
Subdivision
Markley Estates
Elementary school
McCormick Elementary
Middle school
Tibbetts Middle School
High school
Farmington High School
Standard status
Active
Lot size
1.30 Acres
Taxes and HOA fees
Tax Description
MARKLEY ESTATES BEG 598.02 FT E & 224.7 FT S FROM W QRT COR 162913 S 282.15 FT, W 200 FT, N 282.4, E 200 FT TO PT OF
Tax Annual Amount
1169
Legal Description
MARKLEY ESTATES BEG 598.02 FT E & 224.7 FT S FROM W QRT COR 162913 S 282.15 FT, W 200 FT, N 282.4, E 200 FT TO PT OF
Listing Agency:
Real Broker, LLC
(505) 557-4976
Listed By:
Michael Glass · License #48431
(855) 450-0442
Added: Mar 7
Changed: Jun 13
Last Checked: Aug 23 at 10:06AM
MLS# 26-264
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 offering is a 1.3-acre commercial land parcel in Farmington with approximately 1 acre of level area suitable for development planning. The property has utilities available at the street, which can help streamline early site work and readiness. It is presented as a land opportunity with practical infrastructure support for prospective buyers.
The location is described as being near the hospital and other medical offices. Lake Street is noted as a major collector street providing access to the hospital, and the most recent AADT count is listed at 3,754. This combination of medical-oriented neighbors and collector-street access may be relevant for buyers evaluating location and traffic exposure for a future project.
The property is well suited for buyers looking for a commercially zoned land site with a substantial level portion and utilities at the street. Seller will consider financing with acceptable terms, which may be beneficial for qualified buyers seeking alternative structure. All terms, feasibility, and development considerations should be confirmed through the appropriate local channels and due diligence.
The location is described as being near the hospital and other medical offices. Lake Street is noted as a major collector street providing access to the hospital, and the most recent AADT count is listed at 3,754. This combination of medical-oriented neighbors and collector-street access may be relevant for buyers evaluating location and traffic exposure for a future project.
The property is well suited for buyers looking for a commercially zoned land site with a substantial level portion and utilities at the street. Seller will consider financing with acceptable terms, which may be beneficial for qualified buyers seeking alternative structure. All terms, feasibility, and development considerations should be confirmed through the appropriate local channels and due diligence.
Key Highlights
- 1.3‑acre lot with approximately 1 acre of level area
- All utilities available at the street
- Located near the hospital and other medical offices
Property Analytics
Property Profile
Current Use
Lease Details
3,754 VPD
Traffic count
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,368
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - A utilities-at-street lot with a large level building area near medical uses and hospital access.
Where is this commercial land located?
The property is located at S LAKE Street Farmington, NM.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: 1.3‑acre lot with approximately 1 acre of level area; All utilities available at the street; Located near the hospital and other medical offices
