3501 Main StFarmington, NM 87402

Property Details for 3501 Main St

Year built

1984

Lot size

3.76 AC

Property size (Sq ft)

30,480 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

2073173288065

APU

2073173288065

Description

This exceptional commercial land parcel, located at 3501 E MAIN Street in Farmington, New Mexico, presents a unique investment opportunity. The property boasts a sizable 6,033 square foot lot, ideal for a variety of commercial developments. Its single-tenant designation offers flexibility and control for potential buyers. The property's address is conveniently situated at 3501 E MAIN Street, in the 87402 zip code of Farmington, NM. The location offers excellent visibility and accessibility, making it an attractive site for businesses seeking a prominent presence in the area. Given the size and zoning (information not provided), this lot is suitable for a range of commercial uses, from retail establishments to light industrial operations. The property is ready for development, presenting a blank canvas for a prospective buyer to create a tailored commercial space. Further due diligence is recommended to confirm zoning regulations and permitted uses. This is a rare opportunity to acquire a substantial commercial land parcel in a thriving New Mexico community. The geographic coordinates are 36.7498292 latitude and -108.1583394 longitude. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $8,429,468

  6.5%

  $7,781,047

  7%

  $7,225,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,025,236

  Geo Method

  $6,346,009

• Alternative Use

  Use

  Valuation

  Residential

  $6,563,604

  Hospitality

  $6,012,226

  Educational

  $5,002,102

  Medical

  $5,174,132

  Retail

  $7,781,047

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7498

Longitude

-108.158

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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