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    2901 20Th St Farmington, NM 87401

    Sponsored
    For Lease
    $15 SF/Yr

    Prime 2,300 sq ft lot, single tenant.

    Lot size:
    2,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial land parcel, located at 2901 E 20TH Street in Farmington, New Mexico, presents a unique investment opportunity. The property encompasses a sizable 2,300 square foot lot, ideal for a variety of commercial developments. Its single-tenant designation offers streamlined management and potential for customized development. The property's address is conveniently situated in Farmington, NM, zip code 87401, providing easy access to local amenities and transportation routes. The geographic coordinates are 36.7471661 latitude and -108.214028 longitude. This is a blank canvas for a discerning investor seeking to establish a new commercial venture or expand an existing one. The property is classified as commercial land with a single-tenant occupancy. The lot size is significant, offering ample space for construction and potential future expansion. Given its size and location, this property is well-suited for a range of commercial uses, making it an attractive prospect for developers and entrepreneurs alike. The opportunity to acquire this prime commercial land in Farmington, New Mexico, is not to be missed. Serious inquiries are encouraged.

    Property Features for 2901 20Th St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,300 SF

    Unit(s) available at that property

    Space
    101
    Size
    2,300 SF
    Rate per SF
    $15

    HighLights

    • 2,300 square foot commercial lot in Farmington, NM.
    • Single‑tenant designation for streamlined management.
    • Located at 2901 E 20TH Street, Farmington, NM 87401.
    • Ideal for various commercial developments.
    • Excellent opportunity for investors seeking new ventures or expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mortgage Solutions Financial ... Mortgage Lender Rebecca Jasper & Associates Mental Health Service FedEx Drop Box Mailing Service Daily Times Newspaper Publisher Dr. Robert Bentley Chiropractor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -108.214028
    Latitude
    36.7471661

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    FAQs

    What type of property is this?
    Land - Prime 2,300 sq ft lot, single tenant.
    Where is this land located?
    The property is located at 2901 20Th St Farmington, NM.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 2,300 square foot commercial lot in Farmington, NM.; Single-tenant designation for streamlined management.; Located at 2901 E 20TH Street, Farmington, NM 87401.
    Request Owner's contact information
    2901 20Th 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
    2901 20Th St Farmington, NM 87401
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