2621 20Th StFarmington, NM 87401

Property Details for 2621 20Th St

Year built

1971

Lot size

2.32 AC

Property size (Sq ft)

19,336 SF

Property type

Outlet malls

APN

2074172147504

APU

2074172147504

Description

This exceptional 12,732 square foot commercial land parcel presents a unique investment opportunity. Located at 2621 E 20TH Street, this single-tenant property offers significant potential for development or redevelopment. The expansive lot size provides ample space for a variety of commercial ventures, allowing for flexibility in design and functionality. Its strategic location offers excellent visibility and accessibility, making it an attractive proposition for businesses seeking a prominent presence. The property is designated as commercial land, suitable for a wide range of uses, subject to local zoning regulations. This is a blank canvas for a discerning investor or developer looking to capitalize on a prime location and substantial land area. The absence of existing structures allows for complete customization, maximizing the potential return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further due diligence is recommended to confirm zoning and permitted uses. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location. The property is offered as-is.

• CAP approach

  CAP return

  Valuation

  6%

  $5,347,512

  6.5%

  $4,936,166

  7%

  $4,583,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,800,524

  Geo Method

  $4,025,802

• Alternative Use

  Use

  Valuation

  Residential

  $4,163,840

  Hospitality

  $3,814,055

  Educational

  $3,173,249

  Medical

  $3,282,382

  Retail

  $4,936,166

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7475

Longitude

-108.171

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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