Historic Mixed-Use
For Sale
Contact for pricing
315 N LOCKE Avenue, Farmington, NM 87401
Two structures combine a modernized historic building with a currently rented duplex.
Property SizeContact for details
Days on Market131
Property Features for 315 N LOCKE Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Additional Details
Utilities to Site
Yes
Building Details
Buildings
2
Listing Agency:
Real Estate PROS
(505) 588-7767
Listed By:
Jodi Brown · License #45463
Source:
Crexi
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 30 at 11:27PM
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 Real Estate PROS
Investment Insights
Based on property information with market context.
This mixed-use property includes a historic front building and a duplex situated on one parcel. The front structure dates back more than a century and has undergone substantial modernization, including updates to the furnace, electrical, plumbing, windows, stucco, roof, paint, flooring, and bathroom. It was recently operated as a professional property management office and can function as office, studio, or service-based commercial space. Residential use may be possible subject to zoning and permitted-use verification.
The rear duplex is currently rented, adding an existing income component to the property. The two structures have separate utilities and offer distinct use configurations. Located at 315 N Locke Avenue in Farmington, New Mexico, the property combines an updated historic commercial building with an operating duplex and flexible occupancy considerations.
The rear duplex is currently rented, adding an existing income component to the property. The two structures have separate utilities and offer distinct use configurations. Located at 315 N Locke Avenue in Farmington, New Mexico, the property combines an updated historic commercial building with an operating duplex and flexible occupancy considerations.
Key Highlights
- Historic front building dates back more than a century
- Major updates include furnace, electrical, plumbing, windows, stucco, roof, flooring, and bathroom
- Rear duplex is currently rented
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,449
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
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two structures combine a modernized historic building with a currently rented duplex.
Where is this mixed-use property located?
The property is located at 315 N LOCKE Avenue Farmington, NM.
What are key features of this property?
This property features: Historic front building dates back more than a century; Major updates include furnace, electrical, plumbing, windows, stucco, roof, flooring, and bathroom; Rear duplex is currently rented
