Property profile

1050 E Murray Dr Farmington, NM 87401

FOR SALE
Individual retail properties
Property ID
US61-0330454
1,952 SF 0.22 ac lot Built 1961
Individually Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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

Verified
Property type Individual retail properties
Use group LAUNDROMAT (SELF-SERVICE)
Year built 1961
Total area 1,952 SF
Lot 0.22 ac (9,714 SF)
APN 2075171223012
UPID US61-0330454

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Training Center Sports School

Location

1050 E Murray Dr Farmington, NM 87401
Farmington metro Census 100 FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message