3778 Lot 259A Rd Farmington, NM 87401
This exceptional 43,560 square foot lot, identified as LOT 259A ROAD 3778, presents a compelling investment opportunity in the desirable Morningstar Town Ranches Subdivision of Farmington, New Mexico. Located in San Juan County, with a zip code of 87401, this expansive parcel offers significant potential for development. The property boasts convenient access to Farmington's shopping and amenities, further enhanced by the upcoming completion of the Road 3900 bypass, which will significantly reduce travel times. Utilities are readily available at the street, simplifying the development process. Protective covenants are in place, ensuring the maintenance of property values and community standards. The asking price for this remarkable land parcel is $32,500. This represents a rare chance to acquire a substantial lot in a growing area, poised for future appreciation. The property's size and location make it ideal for a variety of development projects, offering a strong return on investment for the discerning buyer. The coordinates for this property are latitude 36.7528465 and longitude -108.1135043. Natural gas is now available in Morningstar Town Ranches.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.