1245 Apache St, Farmington, NM 87401

Property Details for 1245 Apache St

Year built

2017

Lot size

2.15 lot acres

Property type

Neighborhood centers

Property subtype

Retail properties & Spaces

Description

Farmington Crossing, located at 1245 W Apache St, Farmington, NM 87401, presents a unique investment opportunity in a thriving retail environment. This single-story, 18,190 square foot strip center, built in 2017, boasts a prime location in the parking lot of a Walmart Supercenter, a key anchor tenant. The property sits on 2.15 acres of land and is zoned commercial, offering excellent visibility and accessibility. With a total of 10 suites, the center currently has 4,660 square feet of vacant space available, divisible into units as small as 1,190 square feet and up to a maximum contiguous space of 4,660 square feet. The building features vanilla box condition spaces with sheetrocked walls, dropped ceilings, two ADA-compliant restrooms, and concrete flooring. HVAC systems range from 5 to 10 tons. The property benefits from its proximity to the largest Native American reservation in the country, resulting in significantly increased foot traffic, particularly Thursdays through Sundays. Current tenants report strong sales, and a landlord allowance is available. Property taxes are $2 per square foot. Join established businesses including Walmart, Cricket Wireless, Durango Joes Coffee, Metro by T-Mobile, Verizon Cellular, H&R Block, Indian Health Services, and WingStop. This is an exceptional opportunity to capitalize on a high-demand location with significant growth potential. The submarket is West Walmart, and the cross street is Main Street.

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Longitude

-108.228

Latitude

36.7335