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    Main St Farmington, NM 87401

    For Sale
    $300,000

    Prime 1.63-acre lot, high visibility, utilities available.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 43,560 square foot commercial lot presents a remarkable opportunity for investors and developers. Located on East Main Street in Farmington, New Mexico, this property boasts unparalleled visibility and accessibility, situated near the heart of the city's downtown area. The lot is entirely level, simplifying development and construction plans. Existing utilities are conveniently located on-site, significantly reducing infrastructure costs and expediting the development process. With its prominent frontage on East Main Street, this property offers exceptional exposure to high volumes of daily traffic, making it ideal for a wide range of commercial ventures. The versatility of the lot allows for diverse development options, including retail spaces, office buildings, or mixed-use projects. This prime location in a thriving area of Farmington, New Mexico, presents an exceptional investment opportunity with significant potential for growth and return. The asking price for this 1.63-acre parcel is $300,000. The property's zip code is 87401, and it is situated in San Juan County. This is a rare chance to acquire a highly desirable commercial lot in a strategic location with excellent potential for future development and success. Don't miss this chance to secure a piece of Farmington's vibrant commercial landscape.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Farmington
    County
    San Juan
    State
    New Mexico
    Longitude
    -108.1490867
    Latitude
    36.7664392

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    FAQs

    What type of property is this?
    Land - Prime 1.63-acre lot, high visibility, utilities available.
    Where is this land located?
    The property is located at Main St Farmington, NM.
    What is the asking price?
    The asking price for this property is $300,000.
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    Main St 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
    Main St Farmington, NM 87401
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