Property profile

1705 W Main St Farmington, NM 87401

FOR SALE
Auto shops
Property ID
US61-0487121
1,500 SF 0.82 ac lot Built 1955
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 1705 W MAIN Street in Farmington, New Mexico, presents a unique investment opportunity. The property boasts a sizable 1,500 square foot lot, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control for potential buyers. Situated in the 87401 zip code, this property benefits from convenient access to key transportation routes and local amenities. The address is prominently located on W MAIN Street, ensuring high visibility and accessibility for any future business. Given its size and location, this lot is well-suited for a range of commercial ventures, from small retail spaces to light industrial uses. The property is designated as commercial land, providing a clear path for development. Detailed site plans and zoning information are readily available upon request. This is a rare chance to acquire a well-positioned commercial lot in a thriving New Mexico community. The property's location offers excellent potential for strong returns on investment. Serious inquiries are encouraged to explore the possibilities of this prime commercial land. The latitude and longitude coordinates are 36.7313892 and -108.2335029 respectively.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1955
Total area 1,500 SF
Lot 0.82 ac (35,719 SF)
APN 2077171385423
UPID US61-0487121

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
  • Car Dealership

Location

1705 W Main St Farmington, NM 87401
Farmington metro Census 402 FARMINGTON, NM METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

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

Owner & transaction history

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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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