Technical
Financial
Distress signals
Property profile

716 Main St Farmington, NM 87401

OFF-MARKET
Outlet malls
Property ID
US61-0425776
8,316 SF 1.91 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 8,316 square foot commercial property presents a remarkable investment opportunity in the heart of Farmington, New Mexico. Situated on a substantial 1.91-acre lot with prime East Main Street frontage, this building offers unparalleled visibility and accessibility. The property features a spacious showroom equipped with newer gas heaters, ensuring comfortable year-round operation. Three private offices provide ample space for administrative functions, with a fourth room adaptable as an additional office or break room. Two storage lofts offer valuable overhead storage solutions, while a well-equipped shop area includes a convenient 10-foot roll-up door, perfect for loading and unloading. Two restrooms cater to both employees and customers. Additional features include a dedicated shelved storage room and a service desk, enhancing operational efficiency. This versatile property is ideally suited for a wide range of commercial uses, offering unlimited potential for growth and expansion. The seller is open to exploring various financing options, including leasing and owner-carry financing, making this an attractive proposition for a diverse range of buyers. Its proximity to Durango, Colorado, further enhances its appeal and accessibility. This is a rare opportunity to acquire a significant commercial property in a thriving New Mexico community.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1965
Total area 8,316 SF
Lot 1.91 ac (83,200 SF)
APN 2075171285506
UPID US61-0425776

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

716 Main St Farmington, NM 87401-2716
Farmington metro Census 207 FARMINGTON, NM METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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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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