Office for Sale
Also listed as Special Purpose, Retail-Commercial
Catylist Listing ID: 30388776
Property Subtypes: Governmental, Institutional, Medical, Mixed Use, Office Building, Research & Development
Building Size (RSF): 15,698 SF
Gross Building Area: 16,524 SF
Gross Land Area: 1.20 Acres
Sale Price: $2,490,000
Unit Price: $158.62 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: The King Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/24/2021

Overview / Comments

The property also is available for lease.

This elegantly designed new, never occupied office building of approximately 16,524 square feet on about 1.20 acres of commercially zoned land in Farmington, New Mexico has purposefully been retained in cold shell shape awaiting finishing to an owner’s specifications by the builder/contractor. The new owner will be able to arrange the spaces to the owner’s needs and wants. The site includes 68 parking spaces plus ADA spaces which can be accessed from two different directions. The Central Vestibule space includes about 5,600 square feet canopied by 18-foot ceiling height to the bottom of the trusses. The remaining spaces of 10,924 square feet to be arranged as desired by the owner include ceiling heights of twelve feet. Two second story units at opposite ends of the building are about 1,500 square feet each and may be used for a variety of purposes. The RSF (Rentable Square Feet) is only an estimate because of the current cold shell configuration.

Features include tongue-and-groove paneling, a storm drainage system, an 8-inch sewer main, a site selected location for a pylon sign, easy access clean-outs for the sewer system.

Potential users include a variety of businesses, as well as schools, charter schools, churches, medical and hospital facilities, and government offices.

The contractor/owner is prepared to negotiate a build-out with the new owner.

Attachments & Media

Additional Details

Nearest MSA: Farmington
County: San Juan
Tax ID/APN: R4008977
Zoning: C-1
Property Located Between: East 20th and East 21st Street near Intersection of Sullivan Avenue
Property Visibility: Excellent
Highway Access: Just north of Main Street with access to Highway 64 which in turn leads to US Highway 550 south to Albuquerque.
Airports: Four Corners Regional Airport
Site Description: Flat. Street access from two directions.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 2018
Roof Type: Other
Construction/Siding: Stucco
Exterior Description: Modern. Large parking area with storm sewer drainage.
Parking Type: Surface
Parking Description: 68 parking spaces plus 2 ADA spaces.
Total Parking Spaces: 68
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Other
Air Conditioning: Other
Zoning Description: C-1
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,119 37,303 52,802
Median Age: 33.09 34.24 33.7
Households: 5,265 13,895 18,770


Photograph of Listing Agent

Ray Regan

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