130 Airport Dr, Farmington, NM 87401
- Flex space
- 31,930 SF
- 2.19 lot acres
Current Use by Public Records
- Airport Auto Center / Car Dealership
- Maverick Motors Co. / Car Dealership
Property Details for 130 Airport Dr
- Year built
- 1960
- Lot size
- 2.19 lot acres
- Property type
- Flex space
- APN
- 2076171516371
- APU
- 2076171516371
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 1, 2019 | — | Permco LLC | Marlo L Webb | Special Warranty Deed | $400k · Velocity Reinsurance Co Ltd |
Description
This exceptional commercial property in Farmington, NM, presents a lucrative investment opportunity. Located on a high-traffic corner at W Main and Airport Drive, this 32,305 square foot property sits on a 2.19-acre lot, encompassing an entire city block. The brick/block construction features six potential rental units, currently with one existing tenant. Unit 1, an existing car lot, includes a gated outdoor area, private fenced storage, and a spacious showroom with updated HVAC, multiple offices, and reception areas. A split-level upper floor offers additional office space and storage. Unit 2, a 1,350 square foot space, has a private entrance, common area, offices, and storage. Unit 3 is a substantial 15,000+ square foot heated shop boasting 20-foot ceilings, abundant natural light, four large roll-up doors, multiple offices, restrooms, auto lifts, and a wash bay. Unit 4 provides 8,730 square feet of three-floor storage, including cold storage, and an office. Unit 5, a leased shop, features roll-up doors, offices, a restroom, and private parking. Finally, Unit 6 is a smaller detached shop. The property's prime location and substantial size offer significant potential for rental income and future development. The potential for negotiating the inclusion of existing business assets, including supplies and receivables, adds further value to this compelling investment.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.22
- Latitude
- 36.7298
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
