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    720 Main St Farmington, NM 87401

    For Sale
    $400,000

    Prime 2.22-acre commercial lot in Farmington, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 87,120 square foot commercial land parcel presents a remarkable investment opportunity in the heart of Farmington, New Mexico. Located at 720 E Main Street, this property boasts unparalleled visibility and accessibility due to its prominent East Main Street frontage. The lot is ideally situated near the downtown area, ensuring high traffic volume and exposure for any business. Its level topography simplifies development, and the presence of readily available utilities significantly streamlines the construction process. This versatile land is perfectly suited for a wide range of commercial ventures, including retail establishments, office spaces, or mixed-use developments. The strategic location and high visibility make this a truly exceptional opportunity for growth and success in a thriving community. The asking price is $400,000. This 2.22-acre lot offers significant potential for return on investment in a desirable and rapidly developing area of Farmington, NM, zip code 87401. The property is located in San Juan County. Don't miss this chance to acquire a prime commercial site with endless possibilities.

    Property Features for 720 Main St

    General Information

    Property type
    Land

    HighLights

    • $400,000 asking price.
    • 2.22‑acre commercial lot.
    • 87,120 square feet.
    • East Main Street frontage in Farmington, NM.
    • Utilities on‑site.
    • High visibility and ideal for retail, office, or mixed‑use development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -108.1934216
    Latitude
    36.7332825

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    FAQs

    What type of property is this?
    Land - Prime 2.22-acre commercial lot in Farmington, NM.
    Where is this land located?
    The property is located at 720 Main 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.; 2.22-acre commercial lot.; 87,120 square feet.
    Request Owner's contact information
    720 Main 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
    720 Main St Farmington, NM 87401
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