5045 Bloomfied Hwy Farmington, NM 87401

Property Details for 5045 Bloomfied Hwy

Property type

Land

Description

Exceptional investment opportunity in Farmington, New Mexico, presents a remarkable 1,132,560 square foot established fruit orchard known as "Kerby Orchard." This expansive property boasts 26.92 irrigated acres, featuring approximately 2,500-3,000 fruit trees encompassing 15 apple varieties, 8 peach varieties, 3 nectarine varieties, 5 plum varieties, 3 prune varieties, pears, apricots, and cherries. The orchard's irrigation system utilizes open flood irrigation with 10% implemented via 6-inch pipes, and benefits from a substantial 77.5 acre-feet of irrigation water rights. The well-maintained soil is enriched with compost. Two existing homes, currently generating rental income, are included. Home #1, a 1,437 square foot, 3-bedroom, 2-bathroom residence built in 1962, features a fireplace, attached 2-car portico with storage, a 546 square foot unfinished basement, patio, gazebo, and laundry room. Home #2, a 1,512 square foot, 3-bedroom, 1-bathroom home built in 1956, includes updates, a stucco exterior, pitched shingle roof, covered patio, foyer, and utility room. Agricultural buildings comprise a 2,400 square foot fruit packing barn with two cold storage rooms, a 1,200 square foot barn, and a 600 square foot barn. The property also includes an active gas well, generating royalties, and several additional storage buildings. Homes currently utilize natural gas. This listing excludes the main house (appraised at $525,000), 1 acre of land, and a block building located to the south. A 4-6 month timeframe is anticipated for subdivision of the house, at the seller's expense. An access easement will be provided. The property offers breathtaking views of the San Juan River and the Bisti Bluffs.