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    305 20Th St Farmington, NM 87401

    For Sale
    $400,000

    Prime Commercial Land, High-Traffic Area, $400,000

    Property size:
    2,148 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional commercial land parcel, located at 305 E 20TH Street in Farmington, New Mexico, 87401, is offered at $400,000. The 2,148 square foot lot is situated in a high-visibility, high-traffic area, making it ideal for a variety of commercial uses. Previously configured as a hair salon, the property boasts extensive existing power and plumbing infrastructure, offering significant flexibility for future tenants or businesses. The versatile layout is well-suited for multiple tenants or a single business requiring ample space. A large, easily accessible parking lot ensures convenient access for clients and staff. The low-maintenance Southwestern landscaping minimizes upkeep costs while enhancing the property's curb appeal. This property presents a unique opportunity to acquire a well-located commercial site in a thriving area of Farmington, offering both functionality and attractive aesthetics. Showings are available after business hours.

    Property Features for 305 20Th St

    General Information

    Property type
    Land
    Square Feet
    2,148 SF

    HighLights

    • $400,000 asking price.
    • 2,148 square foot commercial land parcel.
    • Located at 305 E 20TH Street, Farmington, NM 87401.
    • High‑traffic area, ideal for office, professional, or service businesses.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Omni Hair Design Beauty Salon

    Suggested Use

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

    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
    -108.2013784
    Latitude
    36.7480638

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High-Traffic Area, $400,000
    Where is this land located?
    The property is located at 305 20Th St Farmington, NM.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: $400,000 asking price.; 2,148 square foot commercial land parcel.; Located at 305 E 20TH Street, Farmington, NM 87401.
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    305 20Th St Farmington, NM 87401
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    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
    305 20Th St Farmington, NM 87401
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