4917 Main StFarmington, NM 87402

For Lease
  • Retail space
  • 7,680 SF

Property Details for 4917 Main St

Year built
2002
Lot size
0.47 AC
Property size (Sq ft)
7,680 SF
Property type
Retail space
APN
2072174451145
APU
2072174451145

Description

This exceptional retail opportunity presents 4,502 square feet of space within the bustling Four Corners Marketplace in San Juan County. Located in the heart of the Four Corners area, this multi-tenant property boasts a prime location adjacent to a regional mall, ensuring high visibility and foot traffic. The property is anchored by a major Albertsons Grocery Warehouse, further enhancing its appeal and drawing a consistent stream of customers. This strategic positioning allows businesses to tap into a vast trade area spanning over 80 miles, providing access to a substantial customer base. The available space is ideal for a restaurant or similar high-traffic business seeking a prominent location within a thriving commercial center. The property's location within the Four Corners Marketplace offers significant advantages, including shared parking and established infrastructure. This is a rare opportunity to establish a presence in a high-demand retail area with strong anchor tenants and a proven track record of success. The expansive trade area ensures a wide reach for any business operating from this location, making it an attractive investment for those seeking significant market penetration. This space offers a unique chance to capitalize on the high volume of traffic generated by the surrounding businesses and the overall vibrancy of the Four Corners area. Serious inquiries are encouraged to explore this exceptional retail opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,123,960
    6.5%
    $1,960,579
    7%
    $1,820,537
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,289,824
    Geo Method
    $1,598,994
  • Alternative Use

    Use
    Valuation
    Residential
    $1,653,822
    Hospitality
    $1,514,892
    Educational
    $1,260,372
    Medical
    $1,303,718
    Retail
    $1,960,579
4917 Main St, Farmington, New Mexico

Location Insight

City
Farmington
County
San Juan
State
New Mexico
Latitude
36.7664
Longitude
-108.146
CBSA code
22140
CBSA name
FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,642
-
-
$282,573
-
-
-
$847,721

FAQs

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