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    3501 Main St Farmington, NM 87402

    For Lease
    $12 SF/Yr

    Prime 6,033 sq ft lot, single tenant.

    Lot size:
    6,033 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional commercial land parcel, located at 3501 E MAIN Street in Farmington, New Mexico, presents a unique investment opportunity. The property boasts a sizable 6,033 square foot lot, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control for potential buyers. The property's address is conveniently situated at 3501 E MAIN Street, in the 87402 zip code of Farmington, NM. The location offers excellent visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the area. Given the size and zoning (information not provided), this lot is suitable for a range of commercial uses, from retail establishments to light industrial operations. The property is ready for development, presenting a blank canvas for a prospective buyer to create a tailored commercial space. Further due diligence is recommended to confirm zoning regulations and permitted uses. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving New Mexico community. The geographic coordinates are 36.7498292 latitude and -108.1583394 longitude. Serious inquiries are encouraged.

    Property Features for 3501 Main St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,033 SF

    Unit(s) available at that property

    Space
    A
    Size
    6,033 SF
    Rate per SF
    $12

    HighLights

    • 6,033 square foot commercial lot in Farmington, NM.
    • Located at 3501 E Main Street, Farmington, NM 87402.
    • Single‑tenant designation offers development flexibility.
    • Excellent visibility and accessibility for businesses.
    • Suitable for various commercial uses, including retail and light industrial.
    • Ready for immediate development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    George Gandy Insurance Insurance Agency Middle fork square Restaurant Pronto DMV Department Of Motor Vehicles Farmington Motor Vehicle ... Department Of Motor Vehicles The Forge Barbershop Barber Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1583394
    Latitude
    36.7498292

    Nearby Similar for Lease

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      Retail and Restaurant Space Available

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    FAQs

    What type of property is this?
    Land - Prime 6,033 sq ft lot, single tenant.
    Where is this land located?
    The property is located at 3501 Main St Farmington, NM.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 6,033 square foot commercial lot in Farmington, NM.; Located at 3501 E Main Street, Farmington, NM 87402.; Single-tenant designation offers development flexibility.
    Request Owner's contact information
    3501 Main St Farmington, NM 87402
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    Farmington, NM 87402
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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
    3501 Main St Farmington, NM 87402
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