417-423 Main St Farmington, NM 87401
- Land
- 5,800 SF
Current Use by Public Records
- Land
Property Details for 417-423 Main St
- Property size
- 5,800 SF
- Property type
- Land
Description
This exceptional commercial land opportunity is situated in the heart of Downtown Farmington, New Mexico, at 417-423 E MAIN Street, zip code 87401. The property boasts a total area of 5,800 square feet and presents a unique investment prospect. Currently, the site features an established building with multiple income-generating units. Two retail spaces are leased on the upper level, providing a consistent revenue stream. Additional leased units are located on the lower level at the rear of the building, further enhancing the property's financial potential. This prime location in the established Downtown Farmington area offers high visibility and excellent access to a substantial customer base. The property's existing structure and tenant occupancy provide immediate income, making it an attractive option for investors seeking a stable and profitable venture. The asking price for this exceptional commercial land is $249,900. This presents a rare chance to acquire a well-positioned property with existing income streams in a thriving New Mexico commercial district. The property's location in San Juan County ensures easy access to local amenities and transportation networks. This is an ideal opportunity for investors seeking a strong return on investment in a desirable location. The 5,800 square foot lot provides ample space for potential future development or expansion.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.201
- Latitude
- 36.7288
