2307 Main StFarmington, NM 87401

Property Details for 2307 Main St

Year built

2008

Lot size

1.06 AC

Property size (Sq ft)

1,500 SF

Property type

Auto shops

APN

2074172311180

APU

2074172311180

Description

This exceptional 1.01-acre commercial land parcel presents a remarkable opportunity for development in the thriving city of Farmington, New Mexico. Located at 2307 E Main St, this single-tenant property boasts a highly desirable location at the intersection of Main St and Tucker Ave, ensuring excellent visibility and accessibility. The property is zoned for General Commercial use, offering a wide range of potential development options. Its convenient location within San Juan County, with a Farmington zip code of 87401, provides easy access to local amenities, businesses, and a robust workforce. The expansive lot size provides ample space for a variety of commercial projects, from retail establishments and restaurants to office buildings and light industrial facilities. This property represents a rare chance to acquire a strategically positioned commercial land parcel in a growing market, offering significant potential for return on investment. The site's central location and General Commercial zoning make it an attractive proposition for developers seeking a prime location to build their next venture. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

• CAP approach

  CAP return

  Valuation

  6%

  $414,836

  6.5%

  $382,926

  7%

  $355,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $837,856

  Geo Method

  $312,304

• Alternative Use

  Use

  Valuation

  Residential

  $323,012

  Hospitality

  $295,877

  Educational

  $246,166

  Medical

  $254,632

  Retail

  $382,926

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7385

Longitude

-108.177

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].