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    2844 Main St Farmington, NM 87401

    For Lease
    $16 SF/Yr

    Prime 2,700 sq ft lot, single tenant.

    Lot size:
    2,700 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial land parcel, located at 2844 E MAIN Street in Farmington, New Mexico, presents a unique investment opportunity. The property encompasses a sizable 2,700 square foot lot, ideal for a variety of commercial ventures. Its single-tenant designation offers streamlined management and potential for long-term lease agreements. The property's address, 2844 E MAIN Street, places it in a strategic location within Farmington, offering excellent visibility and accessibility. The zip code is 87401. The land is classified as commercial property and is suitable for development tailored to the specific needs of a single commercial tenant. Given its size and location, this property is well-suited for businesses requiring ample space and convenient access. The absence of existing structures allows for complete customization of the development, maximizing the potential return on investment. This presents a blank canvas for a developer to create a property perfectly aligned with their vision and market demands. The property's single-tenant nature simplifies management and reduces the complexities often associated with multi-tenant properties. This makes it an attractive option for investors seeking a low-maintenance, high-yield investment. Serious inquiries are encouraged to explore the full potential of this prime Farmington commercial land.

    Property Features for 2844 Main St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,700 SF

    Unit(s) available at that property

    Space
    102
    Size
    2,700 SF
    Rate per SF
    $15
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    T-Mobile Authorized Retailer Cell Phone Store Colorado Document Security Shredding Service Mailroom & Copy Center Shipping And Mailing Service Preferred Homecare Medical Clinic Fashion Nails & Spa Nail Salon

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office 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
    -108.169019
    Latitude
    36.743164

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    FAQs

    What type of property is this?
    Land - Prime 2,700 sq ft lot, single tenant.
    Where is this land located?
    The property is located at 2844 Main St Farmington, NM.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    Request Owner's contact information
    2844 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
    2844 Main St Farmington, NM 87401
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