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Property profile

418 Broadway Ave Farmington, NM 87401

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 418 W BROADWAY Avenue, presents a unique investment opportunity. The property encompasses a sizable 4,112 square feet of land, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control, making it suitable for businesses seeking a dedicated space. The lot's size provides ample room for construction or expansion, catering to diverse project needs. Given its commercial zoning, the possibilities are extensive, ranging from retail establishments to office spaces, or potentially even light industrial uses (subject to local zoning regulations). The property's location on Broadway Avenue offers excellent visibility and accessibility, ensuring high traffic flow and potential customer reach. This is a blank canvas for a discerning investor or developer seeking to establish a strong presence in a vibrant commercial area. The absence of existing structures allows for complete design freedom and customization to meet specific business requirements. This presents a rare chance to acquire a strategically positioned commercial land parcel with significant development potential. Serious inquiries are encouraged to explore the full potential of this prime location. Further due diligence is recommended to confirm zoning regulations and permitted uses.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

418 Broadway Ave Farmington, NM 87401
Farmington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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