1201 Monterey Ave Farmington, NM 87401
This exceptional 0.44-acre commercial property, located at 1201 Monterey Avenue in Farmington, New Mexico, 87401, presents a unique investment opportunity. Currently utilized as a church, this expansive 8,808 square foot building offers significant potential for diverse commercial applications. The property boasts a recently resurfaced parking lot and updated interior features including new flooring. Furnishings are negotiable. The seller is open to a real estate contract with a 15-20% down payment. A lease option is also available. The possession date is contingent upon the seller's relocation to a new facility. Prospective buyers are responsible for verifying the exact square footage, zoning regulations, and permissible future uses. This property is ideally situated in San Juan County, offering easy access to key transportation routes and local amenities. The seller is motivated and eager to facilitate a smooth and efficient transaction. Don't miss this chance to acquire a substantial commercial property in a thriving New Mexico market.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.