333 Main StFarmington, NM 87401

Property Details for 333 Main St

Year built

1944

Lot size

0.26 AC

Property size (Sq ft)

6,307 SF

Property type

Office properties

APN

2076171007340

APU

2076171007340

Description

This exceptional 6,307 square foot office building is situated at 333 E MAIN Street, Farmington, NM, at the entrance to the revitalized downtown area. Its classic architecture offers 11 separate offices, perfect for various business needs, from solo entrepreneurs to larger organizations. Two spacious conference rooms are ideal for meetings and collaborations. The building's unique character and charm are evident throughout, reflecting its history as a community landmark. The prime location ensures excellent visibility and accessibility, attracting clients and visitors. This property presents a significant opportunity for those seeking a distinctive space with potential for diverse uses, including modern workspace, creative hub, or mixed-use development. The building's historical significance offers a unique investment opportunity in a thriving downtown area. The property sits on a 0-acre lot. The asking price is $630,000. This is a rare chance to acquire a piece of Farmington's history and contribute to its future.

• CAP approach

  CAP return

  Valuation

  6%

  $1,186,563

  6.5%

  $1,095,289

  7%

  $1,017,054

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,397,978

  Geo Method

  $521,084

• Alternative Use

  Use

  Valuation

  Residential

  $1,358,158

  Hospitality

  $1,244,065

  Educational

  $1,035,048

  Medical

  $1,070,645

  Retail

  $1,610,074

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7288

Longitude

-108.203

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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