709 Broadway AveBloomfield, NM 87413

Property Details for 709 Broadway Ave

Year built

2016

Lot size

0.67 AC

Property size (Sq ft)

6,830 SF

Property type

Retail space

APN

2063170486243

APU

2063170486243

Description

This vacant commercial land parcel, located at 709 W Broadway Ave in Bloomfield, New Mexico, presents a unique development opportunity. Situated in San Juan County, this single-tenant site boasts exceptional visibility and accessibility, with exposure to approximately 15,000 vehicles daily. Its strategic location on Broadway Ave, with convenient access from Frontier St, makes it ideal for businesses targeting both commuter and traveler traffic. The property is perfectly positioned for quick-service restaurants (QSRs) and auto-related businesses, given its proximity to national tenants. The flexible zoning allows for a wide variety of commercial uses, providing significant development flexibility. A shared detention pond is located at the rear of the property. The owner is open to considering build-to-suit options for qualified users, making this an attractive proposition for developers and businesses seeking a turnkey solution. The property's zip code is 87413. This is a development-ready site with significant potential for growth and return on investment.

• CAP approach

  CAP return

  Valuation

  6%

  $1,888,887

  6.5%

  $1,743,588

  7%

  $1,619,046

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,815,038

  Geo Method

  $1,422,022

• Alternative Use

  Use

  Valuation

  Residential

  $1,470,781

  Hospitality

  $1,347,228

  Educational

  $1,120,878

  Medical

  $1,159,426

  Retail

  $1,743,588

Location Insight

City

Bloomfield

County

San Juan

State

New Mexico

Latitude

36.7108

Longitude

-107.987

CBSA code

22140

CBSA name

FARMINGTON, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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