2.19+- Acres on E. Main St - For Sale

Vacant Land for Sale
Catylist Listing ID: 28295284
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 2.19 Acres
Sale Price: $750,000
Unit Price: $342,465 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/9/2017

Overview / Comments

2.19+- acres at the intersection of E. Main and Pinon Hills Road.

Farmington, New Mexico the powerful economic center of the Four Corners Trade Area in the western US.
A city of approximately 65,000 residents with a trade area draw over 300,000 residents.
Farmington is the employment, entertainment and retail hub for the region.
Government, Natural Gas (and now oil), Education, Forest Service and a wide range of entrepreneurial businesses make Farmington one of the strongest economies in New Mexico.
This area's gross receipts for retail, restaurant and hospitality services is consistently above average for New Mexico and competing cities.

A +/- 2.19 acre parcel, zoned General Commercial, along Farmington's key E. Main Street corridor.
The parcel is positioned at the future southwest corner of E. Main Street and Pinon Hills. Pinon Hills Road connects West Farmington with East Farmington and once the extension improvements are complete Pinon Hills Road will extend to Wildflower Pkwy (CR 390).The E. Main Street corridor is the retail and restaurant "row" for Farmington. The Animas Valley Mall is less than 1 mile to the west. Across from this parcel is Lowe's Home Improvement and to the west is Pinon Hills Road which connects west Farmington to east Farmington.
The City of Farmington has acquired right of way for the Pinon Hills Road to the south. The extension work is planned to connect to Hubbard Street.
This parcel is well positioned for today's business and the future.
Access from Pinon Hills Road extension and Rowe Avenue to the west.

Additional Details

Nearest MSA: Farmington
County: San Juan
Taxing Authority: San Juan County
Tax ID/APN: 2072174251296
Zoning: GC
Market Type: Medium
Property Located Between: Pinon HIlls Ext. and Rowe Avenue
Side of Street: South
Property Visibility: Excellent
Legal Description: refer to survey
Largest Nearby Street: E. Main Street
Feet of Frontage: 180
Traffic/Vehicle Count: 32,000
Transportation: Bus, Highway
Highway Access: NMSH 516 aka E. Main Street
Airports: Farmington Regional
Site Description: A +/- 2.19 acre parcel, zoned General Commercial, along Farmington's key E. Main Street corridor. The parcel is positioned at the future southwest corner of E. Main Street and Pinon Hills. Pinon Hills Road connects West Farmington with East Farmington and once the extension improvements are complete Pinon Hills Road will extend to Wildflower Pkwy (CR 390).The E. Main Street corridor is the retail and restaurant "row" for Farmington. The Animas Valley Mall is less than 1 mile to the west. Across from this parcel is Lowe's Home Improvement and to the west is Pinon Hills Road which connects west Farmington to east Farmington. The City of Farmington has acquired right of way for the Pinon Hills Road to the south. The extension work is planned for the next 18 months to connect to Wildflower Pkwy (CR390). This parcel is well positioned for today's business and the future. Access from Pinon Hills Road extension and Rowe Avenue to the west.
Area Description: Farmington, New Mexico the powerful economic center of the Four Corners Trade Area in the western US. A city of approximately 65,000 residents with a trade area draw over 300,000 residents. Farmington is the employment, entertainment and retail hub for the region. Government, Natural Gas (and now oil), Education, Forest Service and a wide range of entrepreneurial businesses make Farmington one of the strongest economies in New Mexico. This area's gross receipts for retail, restaurant and hospitality services is consistently above average for New Mexico and competing cities.
Lot Frontage: 180
Lot Depth: 450
Zoning Description: General Commercial, City of Farmington
Development Name: 2.19+- acres along E. Main St. at Pinon Hills Ext.
Topography: Rolling
Easements Description: refer to survey
Available Utilities: Electric, Water, Gas

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,345 19,985 47,572
Median Age: 40.18 35.48 35.13
Households: 1,630 7,158 17,193

Contact

Photograph of Listing Agent

Stephen Lyon, CCIM

Pegasus Group LLC
CARNM CIE Member
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