2632 East Main St, Farmington, NM 87401
For Lease
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This exceptional mixed-use property, located at 2632 E Main St in Farmington, NM, presents a unique investment opportunity. The 1.54-acre lot boasts a prime location at the signalized intersection of E Main St and Hutton, offering excellent visibility and accessibility. With a combined daily traffic count exceeding 30,000 vehicles, this hard corner location ensures high exposure for any business. The property features 1,500-10,000 square feet of vacant space, adaptable to various configurations, including a potential drive-thru. The building is zoned GC/Single-Family, providing flexibility for future development. Situated in a thriving retail corridor with numerous national and local businesses, this property benefits from a strong established customer base. Farmington's strategic location on the outskirts of the Navajo Nation, the largest federally recognized tribe in the United States, with a significant portion of its population residing in New Mexico, contributes to a robust and diverse market. The city boasts a population of 46,422, with a trade area population of 120,418, creating a substantial potential customer base. This rare infill location offers an unparalleled opportunity to establish a successful business in a high-demand area. The asking price is $1,350,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.