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    Property profile & analytics
    OFF-MARKET
    Retail space

    5920 Main St Ste A, Farmington, NM 87402-3094

    13,182 SF 0.61 ac lot Built 2008
    Individually Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US61-0505879
    Property summary
    AI-generated overview

    This exceptional 0.94-acre commercial land parcel, located at 5920 E Main Street in Farmington, New Mexico, presents a unique investment opportunity. Priced at $900,000, this property boasts a 5,389 square foot building constructed in 2008, ideally suited for a variety of commercial uses. Its strategic corner lot location on East Main Street ensures maximum visibility and accessibility, benefiting from high traffic volume. The property features a paved parking lot and convenient access to city utilities, including three HVAC units. The building's modern design and contemporary structure offer significant flexibility for diverse commercial ventures, from retail spaces to offices. Its advantageous location near a mortgage company and a liquor store further enhances its appeal and potential for success. The property is zoned for general commercial use, providing ample opportunity for a wide range of businesses. This is a rare chance to acquire a well-situated, high-visibility commercial property in a thriving area of Farmington, New Mexico. The zip code is 87402.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2008
    Total area 13,182 SF
    Lot 0.61 ac (26,528 SF)
    APN 2072174111454
    UPID US61-0505879
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ironbridge Wealth Counsel Financial Advisor
    • Alex Elliott NMLS 2080468 | Major Mortgage - CrossCountry Mortgage Loan Service Bank
    • Kathi Giguere NMLS 369271 | Major Mortgage - CrossCountry Mortgage Loan Service Bank
    • Major Mortgage Loan Service Bank
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Cole Stoneman · 1 yrs held
    Cole Stoneman
    since 2024
    2 recorded transactions
    2024
    2021
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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