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    503 Broadway Ave Farmington, NM 87401

    For Sale
    $99,000

    High-Traffic Location, Ready to Build

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 0 sq ft land parcel, located at 503 E Broadway Avenue in Farmington, New Mexico, presents a unique investment opportunity. Priced at $99,000, this pad site boasts a highly desirable location directly adjacent to a Dollar Tree store, ensuring excellent visibility and foot traffic. All necessary improvements are already in place, eliminating the need for extensive upfront development costs. Utilities, convenient access points, ample parking, and established landscaping are all included, making this property immediately ready for construction. The site benefits from exceptional traffic counts, providing significant potential for a variety of commercial ventures. Situated in San Juan County, New Mexico, with a zip code of 87401, this property offers unparalleled convenience and accessibility. Its prime location and turnkey condition make it an ideal choice for businesses seeking a strategic foothold in a thriving commercial area. The property's coordinates are 36.728345 latitude and -108.1964886 longitude. This is a rare opportunity to acquire a fully prepared commercial lot in a high-demand area. Don't miss out on this chance to establish your business in a prime location.

    Property Features for 503 Broadway Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1964886
    Latitude
    36.728345

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    FAQs

    What type of property is this?
    Land - High-Traffic Location, Ready to Build
    Where is this land located?
    The property is located at 503 Broadway Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $99,000.
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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
    503 Broadway Ave Farmington, NM 87401
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