5833 Us 64, Farmington, NM 87401-1555
This exceptional 43,560 square foot commercial land parcel in Farmington, New Mexico, presents a remarkable investment opportunity. Located at 5833 US 64, this 1.02-acre property boasts significant highway frontage, ideal for businesses seeking high visibility. The lot is completely fenced and includes a large carport and two storage buildings, offering ample space for various uses. The property's versatility allows for the establishment of two separate businesses. Utilities include shared water (with a separate meter for the main building and mobile home), electricity, and propane. The property also features two septic tanks, one for the existing building and another for a mobile home. The building itself has its own water heater and septic system. This property is zoned for commercial use and is ready for immediate development, making it an attractive option for entrepreneurs and investors alike. The address is 5833 US 64, Farmington, NM 87401. The asking price is $245,000.
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
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Property description
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Risks
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