For Sale
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Property summary
This exceptional 1,952 square foot commercial land parcel presents a remarkable investment opportunity in Farmington, New Mexico. Located at the highly visible corner of Murray Drive and US 64, this property benefits from a signaled intersection and significant traffic flow. The site's previous use as McCormick Laundry ensures established utility infrastructure. Currently zoned General Commercial, this lot offers considerable flexibility for a wide range of commercial ventures. The asking price is $174,888. For investors seeking a return, the owner will consider a rent-to-own agreement with a $20,000 down payment. Alternatively, a lease option is available at a monthly rate of $1,200. This prime location, coupled with the owner's flexible financing options, makes this an ideal opportunity for entrepreneurs and investors alike. The property is situated in San Juan County, New Mexico, with the address being 1050 E Murray Drive, Farmington, NM 87401. The property's strategic location near McCormick School Road further enhances its visibility and accessibility. This is a rare chance to acquire a well-positioned commercial lot in a thriving area. Don't miss this chance to secure a piece of Farmington's commercial landscape.
Property profile
VerifiedCap rate & NOI
Current use
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Training Center Sports School
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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