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    Cochiti St St Farmington, NM 87401

    For Sale
    $425,000

    2.98 Acres, High Visibility, Downtown Near E Main

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 2.98-acre commercial lot presents a remarkable investment opportunity in the heart of Farmington, New Mexico. Situated conveniently off East Main Street, this property boasts unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The lot is completely level, simplifying development and minimizing site preparation costs. Utilities are already in place, streamlining the construction process and reducing upfront expenses. Its strategic location near the downtown area ensures high traffic volume and exposure to a substantial customer base. This prime location is perfect for businesses seeking maximum visibility and convenient access for customers and employees. The versatility of the property allows for a variety of uses, including retail establishments, office spaces, or mixed-use developments. The high demand for commercial properties in this thriving area makes this a truly exceptional investment opportunity with significant potential for long-term growth and profitability. This is a rare chance to acquire a large, level, and highly visible commercial lot in a desirable location, ready for immediate development. Don't miss this chance to secure a prime piece of Farmington real estate.

    Property Features for Cochiti St St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    129,809 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.266
    Latitude
    36.75199

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    FAQs

    What type of property is this?
    Commercial real estate - 2.98 Acres, High Visibility, Downtown Near E Main
    Where is this commercial real estate located?
    The property is located at Cochiti St St Farmington, NM.
    What is the asking price?
    The asking price for this property is $425,000.
    (505) 554-3873
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    Cochiti St St 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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    Cochiti St St Farmington, NM 87401
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