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    2700 Farmington Ave Farmington, NM 87401

    For Sale
    $550,000

    Prime Farmington commercial land, build-to-suit option.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional commercial land parcel, located at 2700 Farmington Avenue in Farmington, New Mexico, presents a unique investment opportunity. Priced at $550,000, this property offers significant potential for development. Situated within the established Mesa Professional Plaza, this location boasts high visibility and accessibility, making it ideal for a variety of commercial ventures. The property benefits from a recently updated exterior and ample parking, ensuring convenience for both employees and clients. The seller is open to build-to-suit options, accommodating the specific needs of a prospective buyer. Additionally, the owner will consider a rent-to-own (REC) agreement with acceptable terms. The property is subject to a Homeowners Association (HOA) fee; details are available upon request. The precise lot size is currently unavailable, but the property's prime location and development potential make it a compelling investment in a thriving New Mexico commercial market. This property is located in San Juan County, New Mexico, zip code 87401. The coordinates are 36.7549131 latitude and -108.1770093 longitude.

    Property Features for 2700 Farmington Ave

    General Information

    Property type
    Land

    HighLights

    • $550,000 asking price.
    • Commercial land.
    • 0 sq ft lot size.
    • Located at 2700 Farmington Avenue, Farmington, NM 87401.
    • Situated in the Mesa Professional Plaza.
    • Owner will build to suit and consider build‑to‑suit options with acceptable terms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    XTO Energy Inc Government Woods Insurance - Farmington Insurance Agency Ener Vest Operating ... Opera Company Marilyn G. Morris, ... Psychiatrist Angela G. Parry, ... Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -108.1770093
    Latitude
    36.7549131

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    FAQs

    What type of property is this?
    Land - Prime Farmington commercial land, build-to-suit option.
    Where is this land located?
    The property is located at 2700 Farmington Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: $550,000 asking price.; Commercial land.; 0 sq ft lot size.
    (505) 327-4838
    Request Owner's contact information
    2700 Farmington 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
    2700 Farmington Ave Farmington, NM 87401
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