3836 Main StFarmington, NM 87402

Property Details for 3836 Main St

Year built

1996

Lot size

3.78 AC

Property size (Sq ft)

36,000 SF

Property type

Showrooms

APN

2073173316242

APU

2073173316242

Description

Star Plaza, a single-story, 3,636 square foot neighborhood retail center located at the intersection of E Main St and Cliffside Dr., presents a unique investment opportunity. Built in 1996, this property sits on a generous 3.78-acre lot and offers a total of 32 parking spaces for ample customer convenience. Currently, the entire 3,636 square foot building is available for lease, providing flexibility for a single large tenant or the potential for multiple smaller tenants. The minimum divisible space is 1,679 square feet, while the maximum contiguous space is the entire building. The property is zoned for General Commercial use, allowing for a wide range of businesses. The property features four suites in total. Property taxes are $0.80 per square foot. The APN is 2073173316242. This location offers excellent visibility and accessibility, making it an ideal spot for a variety of retail businesses seeking a high-traffic area. The expansive lot size provides ample room for expansion or outdoor seating, further enhancing its appeal. Don't miss this chance to secure a prominent retail space in a thriving neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $9,956,064

  6.5%

  $9,190,213

  7%

  $8,533,769

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,108,548

  Geo Method

  $7,495,286

• Alternative Use

  Use

  Valuation

  Residential

  $7,752,288

  Hospitality

  $7,101,054

  Educational

  $5,907,994

  Medical

  $6,111,179

  Retail

  $9,190,213

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7545

Longitude

-108.159

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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