1050 E Murray Dr Farmington, NM 87401
Property profile & analytics
1050 E Murray Dr Farmington, NM 87401
- Individual retail properties
- 1,952 SF
- 0.22 lot acres
Property ID
US61-0330454
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Raakgu Gym - Boxing, Kickboxing, MMA / Training Center / Sports School
Property Details for 1050 E Murray Dr
- Year built
- 1961
- Lot size
- 0.22 lot acres
- Property size
- 1,952 SF
- Property type
- Individual retail properties
- APN
- 2075171223012
- APU
- 2075171223012
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.192
- Latitude
- 36.7198
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$933
$0.00
$0.00
$34,496
-
$0.00
$0.00
$103,489
