2100 River RdFarmington, NM 87401

Property Details for 2100 River Rd

Year built

1975

Lot size

0.50 AC

Property size (Sq ft)

4,000 SF

Property type

Auto shops

APN

2074172389059

APU

2074172389059

Description

This exceptional commercial land parcel, located at 2100 River Road in Farmington, New Mexico, presents a unique investment opportunity. The property boasts a sizable 2,000 square foot lot, ideal for a variety of commercial developments. Its single-tenant designation offers streamlined management and potential for long-term lease agreements. The address is conveniently situated in Farmington, NM, zip code 87401, providing easy access to local amenities and transportation routes. The property is classified as commercial land for single-tenant occupancy. Given its size and location, this lot is well-suited for businesses seeking a prominent presence in a thriving community. The property's latitude and longitude coordinates are 36.7352077 and -108.1796096 respectively. This presents a blank canvas for developers to create a tailored commercial space to meet their specific needs and vision. The absence of existing structures allows for complete design flexibility and customization. Serious inquiries are encouraged to explore the potential of this valuable commercial land offering. This is a rare opportunity to acquire a strategically located commercial lot in a growing market. The property is ready for immediate development, making it an attractive option for investors seeking a quick return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,106,229

  6.5%

  $1,021,135

  7%

  $948,197

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,234,283

  Geo Method

  $832,810

• Alternative Use

  Use

  Valuation

  Residential

  $861,365

  Hospitality

  $789,006

  Educational

  $656,444

  Medical

  $679,020

  Retail

  $1,021,135

Location Insight

City

Farmington

County

San Juan

State

New Mexico

Latitude

36.7353

Longitude

-108.18

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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