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    Main St Farmington, NM 87401

    For Sale
    $300,000

    Prime 1.63-acre commercial lot in Farmington, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 43,560 square foot commercial lot presents a remarkable investment opportunity in Farmington, New Mexico. Located on East Main Street, this property boasts unparalleled visibility and accessibility, situated near the heart of downtown. The lot is entirely level, simplifying development and minimizing site preparation costs. All essential utilities are conveniently located on-site, streamlining the construction process and reducing development timelines. This prime location offers exceptional exposure for a wide range of commercial ventures, including retail, office spaces, or mixed-use developments. The high traffic volume on East Main Street ensures significant visibility for any business established on this property. The 1.63-acre size provides ample space for a substantial building or complex, allowing for significant flexibility in design and functionality. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving area with strong growth potential. Don't miss this chance to secure a prominent location in Farmington's dynamic commercial landscape. The asking price is $300,000. The property is located in San Juan County, New Mexico, with the address being XX E MAIN Street, Farmington, NM 87401.

    Property Features for 0 Main St

    General Information

    Property type
    Land

    HighLights

    • $300,000 asking price.
    • 1.63‑acre commercial lot.
    • 43,560 square feet.
    • Excellent East Main Street frontage.
    • Located near downtown Farmington, NM.
    • Utilities on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1490867
    Latitude
    36.7664392

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    FAQs

    What type of property is this?
    Land - Prime 1.63-acre commercial lot in Farmington, NM.
    Where is this land located?
    The property is located at Main St Farmington, NM.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: $300,000 asking price.; 1.63-acre commercial lot.; 43,560 square feet.
    Request Owner's contact information
    Main St 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
    Main St Farmington, NM 87401
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