309 20Th StFarmington, NM 87401

Property Details for 309 20Th St

Year built

2005

Lot size

0.91 AC

Property size (Sq ft)

14,000 SF

Property type

Retail space

APN

2075172491512

APU

2075172491512

Description

This exceptional commercial property located at 309 E 20TH Street, Farmington, NM 87401, presents a unique investment opportunity. The 14,000 square foot metal building boasts a prime location with high traffic counts, ensuring excellent visibility and accessibility for any business. Recent upgrades include a new roof and refrigerated air conditioners, ensuring energy efficiency and comfort. The property features a substantial 30+ space paved parking lot, enhancing convenience for customers and employees. Further enhancing its functionality are a large electrical service, a comprehensive surveillance system, and a built-in sound system. The building also includes handicap-accessible bathrooms and a ramped front door, ensuring inclusivity. Inside, the property includes computer equipment. A 40-foot storage container is included with an acceptable offer. The seller is open to negotiating the sale of a potential baseball equipment package, which includes machines, weights, balls, inventory, and nets. This versatile property is ideal for a variety of commercial uses and presents a strong return on investment. The property is situated in San Juan County, New Mexico.

• CAP approach

  CAP return

  Valuation

  6%

  $3,871,803

  6.5%

  $3,573,972

  7%

  $3,318,688

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,819,990

  Geo Method

  $2,914,834

• Alternative Use

  Use

  Valuation

  Residential

  $3,014,779

  Hospitality

  $2,761,521

  Educational

  $2,297,553

  Medical

  $2,376,570

  Retail

  $3,573,972

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7479

Longitude

-108.201

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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