812 - 2.51 Acre Ave Farmington, NM 87401
- Land
Current Use by Public Records
- Land
Property Details for 812 - 2.51 Acre Ave
- Property type
- Land
Description
This exceptional 2.51-acre lot, located at 812 Vine Avenue in Farmington, New Mexico, presents a remarkable investment opportunity. Zoned for a mobile home park, this property has already received approval for the development of 24 mobile home pads, significantly reducing the time and effort required for project commencement. The site's pre-approved status streamlines the development process, minimizing potential delays and maximizing return on investment. Situated in San Juan County, with a zip code of 87401, this land offers easy access to local amenities and infrastructure. The property's location at 36.7471661 latitude and -108.214028 longitude provides convenient access to transportation routes and services. This is an ideal opportunity for investors seeking to capitalize on the growing demand for mobile home living. While the lot size is listed as 0 square feet, the actual size is 2.51 acres. Note that an additional lot and a site-built home are available for purchase under a separate MLS listing (MLS #24-811), offering potential for expansion or complementary investment. The asking price for this exceptional development opportunity is $265,000. This represents a significant opportunity for substantial growth and profitability in the thriving Farmington real estate market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.214
- Latitude
- 36.7472
