Technical
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Property profile

1201 Monterey Ave Farmington, NM 87401

OFF-MARKET
Land
8,808 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Total area 8,808 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1201 Monterey Ave 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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