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    1305 Carlton Ave Farmington, NM 87401

    For Sale
    $415,900

    Prime 5-acre development lot in Farmington, NM.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 217,800 square foot lot presents a remarkable development or investment opportunity. Situated within the Farmington city limits, this 5.47-acre parcel boasts multi-family zoning, opening doors to a wide array of possibilities. The property includes water rights, contingent upon an acceptable offer. Its strategic location in Farmington, the commercial heart of the Four Corners Region, offers significant potential. The city's proactive approach to zoning variances further enhances the property's appeal, encouraging growth and development. The expansive lot size allows for considerable flexibility, including the potential for subdivision, catering to various project scales and visions. This is an ideal site for those seeking to capitalize on the thriving Farmington market and its supportive environment for new construction. Detailed information regarding zoning specifics and water rights is available upon request. Don't miss this chance to acquire a prime piece of land in a dynamic and growing area. The asking price is $415,900.

    Property Features for 1305 Carlton Ave

    General Information

    Property type
    Land
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Clothing Store Building Supply Gym & Fitness Pharmacy Skin Care Clinic Auto Repair Shop

    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
    -108.1902595
    Latitude
    36.7165017

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    FAQs

    What type of property is this?
    Land - Prime 5-acre development lot in Farmington, NM.
    Where is this land located?
    The property is located at 1305 Carlton Ave Farmington, NM.
    What is the asking price?
    The asking price for this property is $415,900.
    Request Owner's contact information
    1305 Carlton 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
    1305 Carlton Ave Farmington, NM 87401
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