Main St Farmington, NM 87401
- Land
- 12.30 lot acres
Current Use by Public Records
- Land
Property Details for 0 Main St
- Lot size
- 12.30 lot acres
- Property type
- Land
Description
This exceptional 12.3-acre commercial land parcel presents a lucrative investment opportunity in Farmington, New Mexico. Strategically located on West Main Street, the property boasts prime visibility and accessibility due to its I-64 frontage. The land is zoned for commercial use, opening doors to a wide range of development possibilities. Adding to its appeal is a currently leased billboard generating $1,200 in annual income, providing immediate return on investment. The asking price is $668,000, translating to $54,374 per acre. The property's location across from a Dollar General store underscores its position within a thriving commercial district, surrounded by a diverse mix of retail establishments, specialty shops, and professional services. This presents a unique chance to capitalize on the area's robust commercial activity and strong growth potential. The property's size and location make it ideal for a variety of commercial ventures, offering significant long-term value and income generation. The existing billboard income stream further enhances the property's attractiveness, providing a steady cash flow while development plans are underway. This is a rare opportunity to acquire a high-value commercial property in a desirable location with immediate income potential. The property is situated in San Juan County, New Mexico, with a zip code of 87401.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.265
- Latitude
- 36.7382
