615 Carlton Ave Farmington, NM 87401
- Warehouses
- 5,600 SF
- 3.29 lot acres
Current Use by Public Records
- Farmington Water-Wastewater / City Government Office
Property Details for 615 Carlton Ave
- Year built
- 1976
- Lot size
- 3.29 lot acres
- Property size
- 5,600 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 2075171168142
- APU
- 2075171168142
Description
This exceptional investment property located at 615 S Carlton Avenue, Farmington, NM, presents a compelling opportunity for discerning investors. The property is currently leased to a long-standing tenant under a five-year contract with a five-year option, providing significant income stability. The tenant holds a contract with the City of Farmington for water and sewer services, ensuring consistent revenue generation. The current annual base rent is $78,000, with a 3% annual increase built into the lease agreement, offering predictable growth potential. This general commercial property represents a secure investment with a proven track record of consistent income. Detailed financial information is available upon request to qualified buyers, allowing for a thorough due diligence process. The property's location in Farmington, NM, offers convenient access to essential services and infrastructure. This is an ideal opportunity for investors seeking a stable, high-yield investment with a long-term tenant and a strong lease agreement. Serious inquiries only. Complete financial documentation is available to qualified buyers upon request. This is a turnkey investment ready for immediate income generation.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmington
- County
- San Juan
- State
- New Mexico
- Longitude
- -108.19
- Latitude
- 36.7233
- CBSA code
- 22140
- CBSA name
- FARMINGTON, NM METROPOLITAN STATISTICAL AREA
