Historic Restaurant or Brewery
301 E MAIN Street Farmington, NM 87401
301 E MAIN Street, Farmington, NM, 87401
Contact for pricing
For Sale
Contact for pricing
Pending
Open-layout commercial building with dedicated off-street parking in Downtown Farmington, NM.
Property Size2,785 SF
Days on Market577
Property Features for 301 E MAIN Street
General Information
- Standard status
- Pending
- Size
- 2,785 SF
- Property subtype
- Land
Listing agency
Gabaldon Const. & Realty
(505) 860-5796
Listed by
Amanda Banks · License #50598
Source
Crexi
Added: Dec 22, 2024 Updated: Jul 21 at 3:39PM Checked: Jul 21 at 3:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gabaldon Const. & Realty
Investment Insights
Based on property information with market context.
Located at 301 E MAIN Street in Farmington, this distinctive commercial building offers an open layout designed for flexible business use. The property includes dedicated off-street parking for convenient customer and staff access, and it features historical elements and unique architectural character.
Set in the recently rejuvenated Downtown area, the building’s layout and presence make it well suited to businesses such as a restaurant or brewery, with room to tailor the space to a specific concept. The property totals approximately 2,785 square feet, providing a practical footprint for a variety of interior configurations.
For operators and investors seeking a downtown venue with an adaptable interior and on-site parking, this building offers a straightforward platform to create a finished space aligned with the user’s vision.
Set in the recently rejuvenated Downtown area, the building’s layout and presence make it well suited to businesses such as a restaurant or brewery, with room to tailor the space to a specific concept. The property totals approximately 2,785 square feet, providing a practical footprint for a variety of interior configurations.
For operators and investors seeking a downtown venue with an adaptable interior and on-site parking, this building offers a straightforward platform to create a finished space aligned with the user’s vision.
Key Highlights
- Open‑layout commercial building in Downtown Farmington, NM
- Dedicated off‑street parking for customers and staff
- Versatile interior layout designed to adapt to different business needs
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $9.48 |
| − Vacancy | −$2.0k | −$0.71 |
| EGI | $24.4k | $8.77 |
| − OpEx | −$7.3k | −$2.63 |
| NOI | $17.1k | $6.14 |
2,785 SF · lease $9.48/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$412.7K
$361.1K – $481.5K
NOI $28,888 @ 7.0% cap · market cap 10.32%
Second Best
Industrial
$244.2K
$213.7K – $284.9K
NOI $17,095 @ 7.0% cap · market cap 6.11%
Theoretical Best
Office A
$576.1K
$504.1K – $672.2K
NOI $40,330 @ 7.0% cap · market cap 14.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Open-layout commercial building with dedicated off-street parking in Downtown Farmington, NM.
Where is this conventional restaurant located?
The property is located at 301 E MAIN Street Farmington, NM.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Open‑layout commercial building in Downtown Farmington, NM; Dedicated off‑street parking for customers and staff; Versatile interior layout designed to adapt to different business needs
