Property profile

XX1 Main St Farmington, NM 87401

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 522,720 square foot commercial land parcel presents a significant investment opportunity in Farmington, New Mexico. Located at XX1 W MAIN Street, this expansive lot boasts a highly desirable location on Harper Hill, situated between Kerney and Harper Hill streets, just before the turnoff to Road 6100 (Old Kirtland Highway). Its strategic positioning offers unparalleled visibility and accessibility, making it ideal for a wide range of commercial ventures. The property's substantial size allows for considerable development flexibility, accommodating large-scale projects or the potential for subdivision into two separate parcels, should the need arise. The asking price for this remarkable property is $668,800. Given its size, location, and potential for diverse commercial uses, this land represents a rare and compelling investment opportunity in the thriving Farmington market. The property is located in San Juan County, New Mexico, and has a zip code of 87401. The geographic coordinates are latitude 36.7381669 and longitude -108.2648513. This is a truly unique opportunity to acquire a substantial piece of commercial real estate in a prime location. Serious inquiries are encouraged.

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

XX1 Main St 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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