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    418 Broadway Ave Farmington, NM 87401

    For Lease
    $6 SF/Yr

    Single-tenant land; 4,112 sq ft.

    Lot size:
    4,112 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional commercial land parcel, located at 418 W BROADWAY Avenue, presents a unique investment opportunity. The property encompasses a sizable 4,112 square feet of land, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control, making it suitable for businesses seeking a dedicated space. The lot's size provides ample room for construction or expansion, catering to diverse project needs. Given its commercial zoning, the possibilities are extensive, ranging from retail establishments to office spaces, or potentially even light industrial uses (subject to local zoning regulations). The property's location on Broadway Avenue offers excellent visibility and accessibility, ensuring high traffic flow and potential customer reach. This is a blank canvas for a discerning investor or developer seeking to establish a strong presence in a vibrant commercial area. The absence of existing structures allows for complete design freedom and customization to meet specific business requirements. This presents a rare chance to acquire a strategically positioned commercial land parcel with significant development potential. Serious inquiries are encouraged to explore the full potential of this prime location. Further due diligence is recommended to confirm zoning regulations and permitted uses.

    Property Features for 418 Broadway Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,112 SF

    Unit(s) available at that property

    Space
    Size
    4,112 SF
    Rate per SF
    $6

    HighLights

    • 4,112 square foot commercial land parcel.
    • Single‑tenant property.
    • Commercial land zoned for development.
    • Suitable for single‑tenant commercial building.
    • Lot size is 4,112 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.210275
    Latitude
    36.7283356

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    FAQs

    What type of property is this?
    Land - Single-tenant land; 4,112 sq ft.
    Where is this land located?
    The property is located at 418 Broadway Ave Farmington, NM.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: 4,112 square foot commercial land parcel.; Single-tenant property.; Commercial land zoned for development.
    Request Owner's contact information
    418 Broadway Ave 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
    418 Broadway Ave Farmington, NM 87401
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