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Mixed-Use Corner Building
For Sale
$215,000

201 W Main St, Farmington, NM 87401

Two commercial spaces offer separate storefront and office configurations, with basement rooms and an open rear area.

Property SizeContact for details
Days on Market17

Property Features for 201 W Main St

General Information

Standard status Active

Property Condition

Severity Repairs Needed
Evidence the ceiling representing the primary remaining improvement

Additional Details

Corner Location Yes

Building Details

Year Built 1926
Buildings 1
Tenancy Multi
Listing Agency: eXp Realty, LLC
Listed By: Allen Elmore · License #53691
Source: Exprealty
Added: Sep 24 Changed: Oct 5 Last Checked: Oct 10 at 2:03AM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This downtown Farmington property contains two commercial spaces. Unit 1 has an open retail area with two street-facing display windows and built-in platforms, plus an office or storage room and a half bath. Its walls and electrical work are finished; the ceiling is the primary remaining improvement. Unit 2, at 115 S. Allen, includes a flexible commercial area and a smaller office but no restroom. The basement adds two rooms totaling 330 square feet. A rear section of the original structure has been removed, leaving an open area behind the building.

The building occupies a corner on Main Street, and its façade retains lettering identifying it as the Purity Pharmacy Building from 1926. The separate spaces, basement rooms, and cleared rear portion provide several distinct components within one property.

Key Highlights

  • Main Street corner property with façade lettering identifying the Purity Pharmacy Building, 1926
  • Unit 1 includes two display windows, built‑in display platforms, an office or storage room, and a half bath
  • Unit 2 at 115 S. Allen has a smaller office and no restroom

Property Analytics

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Current Use

Molly Quinn Co. (Bike/Boat/Book/etc) Store TRAIN 2 WIN Gym & Fitness Center Speedy Loan Loan Service

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Catering Service Tech Support Center Tanning Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,278
Businesses Nearby
72k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 63% Dining 36% Home Improvements & Furnishings 1%
Dollar Tree Shops & Services
20,869 visits/mo 0.5 miles
Blake's LotaBurger Dining
10,221 visits/mo 0.3 miles
Dollar General Shops & Services
9,862 visits/mo 0.5 miles
KFC Dining
8,788 visits/mo 0.5 miles
Family Dollar Shops & Services
7,981 visits/mo 0.5 miles

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two commercial spaces offer separate storefront and office configurations, with basement rooms and an open rear area.
Where is this mixed-use property located?
The property is located at 201 W Main St Farmington, NM.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: Main Street corner property with façade lettering identifying the Purity Pharmacy Building, 1926; Unit 1 includes two display windows, built‑in display platforms, an office or storage room, and a half bath; Unit 2 at 115 S. Allen has a smaller office and no restroom
More about this property
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