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    7701 Main St Farmington, NM 87402

    For Sale
    $800,000

    Prime Commercial Land, Highway Frontage, Income Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 174,240 square foot commercial land parcel presents a unique investment opportunity in Farmington, New Mexico. Located at 7701 E Main Street, this almost 5-acre site boasts 913 feet of highway frontage, ensuring high visibility and accessibility. The property includes an existing 11,734 square foot concession stand equipped with takeaway windows, a grill with hood, a triple-bay wash sink, and two restrooms. Further enhancing its income potential is a currently operational cell tower lease and three highway signs generating existing revenue streams. While the existing home and shop are sold "as is," the property's significant size and strategic location offer endless possibilities for redevelopment or expansion. The property's rich history as the location of the Farmington Flea Market for over 50 years adds to its unique appeal. This motivated seller presents a compelling opportunity to acquire a substantial commercial property with proven income streams and significant development potential in a thriving New Mexico market. The property is situated in San Juan County, NM, zip code 87402. This is a rare chance to own a piece of Farmington's commercial landscape.

    Property Features for 7701 Main St

    General Information

    Property type
    Land

    HighLights

    • 174,240 SF commercial land parcel in Farmington, NM, at 7701 E Main Street.
    • Almost 5‑acre site with 913 feet of highway frontage.
    • Includes an 11,734 SF concession stand with equipment.
    • Existing cell tower lease and three highway signs generate income.
    • Existing home and shop sold "as is," significant redevelopment potential.
    • Motivated seller, strong income streams, thriving market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Farmington Flea Market Flea Market

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Gym & Fitness Auto Parts Store Kitchen & Bath Bar & Pub

    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
    -108.1064355
    Latitude
    36.7878018

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Highway Frontage, Income Potential
    Where is this land located?
    The property is located at 7701 Main St Farmington, NM.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 174,240 SF commercial land parcel in Farmington, NM, at 7701 E Main Street.; Almost 5-acre site with 913 feet of highway frontage.; Includes an 11,734 SF concession stand with equipment.
    Request Owner's contact information
    7701 Main St Farmington, NM 87402
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    Farmington, NM 87402
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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
    7701 Main St Farmington, NM 87402
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