5051 Bloomfield Hwy Farmington, NM 87401
- Land
- 11,120 SF
Current Use by Public Records
- Land
Property Details for 5051 Bloomfield Hwy
- Property size
- 11,120 SF
- Property type
- Land
Description
This exceptional 1,132,560 square foot property in Farmington, New Mexico, presents a unique investment opportunity. Priced at $1,647,000, this established fruit orchard boasts 27.92 irrigated acres with approximately 2,500-3,000 fruit trees, including a diverse selection of apples, peaches, pears, plums, and more. The impressive 77.5 acre-feet of irrigation ensures consistent productivity. The well-composted soil contributes to optimal growing conditions. The property also includes three homes, two currently generating rental income. Home #1, a 1985 brick home, offers 3 bedrooms, 3 bathrooms, an oversized garage, and finished basement space totaling 3381 square feet. Home #2 (1962, 1437 sq ft) and Home #3 (1956, 1512 sq ft) are both 3-bedroom homes with updated features. Agricultural infrastructure includes a 2400 square foot fruit packing barn with cold storage, a 1200 square foot barn, and a 600 square foot barn. An active gas well on the property provides additional income potential. The property's highway frontage and stunning views of the San Juan River and Bisti Bluffs offer significant development potential, making it ideal for farmland, agritourism, or other ventures. This family-owned property, established since 1945, offers a rare blend of established income streams and future growth opportunities.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.144
- Latitude
- 36.7095
