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    2621 20Th St Farmington, NM 87401

    Sponsored
    For Lease
    $8 SF/Yr

    12,732 sq ft lot, single tenant potential

    Lot size:
    12,732 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 12,732 square foot commercial land parcel presents a unique investment opportunity. Located at 2621 E 20TH Street, this single-tenant property offers significant potential for development or redevelopment. The expansive lot size provides ample space for a variety of commercial ventures, allowing for flexibility in design and functionality. Its strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The property is designated as commercial land, suitable for a wide range of uses, subject to local zoning regulations. This is a blank canvas for a discerning investor or developer looking to capitalize on a prime location and substantial land area. The absence of existing structures allows for complete customization, maximizing the potential return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further due diligence is recommended to confirm zoning and permitted uses. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location. The property is offered as-is.

    Property Features for 2621 20Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,732 SF

    Unit(s) available at that property

    Space
    E
    Size
    12,732 SF
    Rate per SF
    $8

    HighLights

    • 12,732 square foot commercial land parcel.
    • Single‑tenant property.
    • Commercial land zoned for development.
    • One building suite available.
    • Lot size: 12,732 sq ft.
    Property Profile Location Intelligence

    Current Use by Public Records

    Southwest Cash & Carry Wholesale Grocer Shamrock Foods Co Wholesale Grocer Little Caesars Pizza Pizza Restaurant Raindrops of the Four Corners Hot Tub Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -108.1713109
    Latitude
    36.7474631

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    Nearby Similar for Lease

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    • Contact for pricing
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      Retail Space on Main Street

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    FAQs

    What type of property is this?
    Land - 12,732 sq ft lot, single tenant potential
    Where is this land located?
    The property is located at 2621 20Th St Farmington, NM.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 12,732 square foot commercial land parcel.; Single-tenant property.; Commercial land zoned for development.
    Request Owner's contact information
    2621 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
    2621 20Th St Farmington, NM 87401
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