1.55+- Acres on E. Main - For Sale

Vacant Land for Sale
Catylist Listing ID: 28295247
Property Subtypes: Office, Retail, Retail-Pad, Other
Gross Land Area: 1.55 Acres
Sale Price: $810,000
Unit Price: $522,580 Per Acre
Land Splits Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2017

Overview / Comments

a) Excellent visibility and ingress/egress. E. Main Street at Rowe Ave.
b) Across from Lowe's Home Improvement.
c) Full Access to site.
d) Will consider subdivision of site.

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, Education, Forest Service and a wide range of entrepreneurial businesses make Farmington one of the strongest economies in New Mexico.
This areas gross receipts for retail, restaurant and hospitality services is consistently above average for New Mexico and competing cities.

A +/- 1.55 acre parcel, zoned General Commercial, on Farmington's key E. Main Street corridor.
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.
Pinon HIlls extension is planned first stage to Hubbard Street.
This parcel is well positioned for today's business and the future.
Access from E. Main Street and Rowe Avenue to the east. Approximately 200' frontage along E. Main and +/-220 frontage feet along Rowe Avenue.

Attachments & Media

Additional Details

Nearest MSA: Farmington
County: San Juan
Taxing Authority: San Juan County
Tax ID/APN: 2072174302262
Zoning: GC
Market Type: Medium
Property Located Between: Pinon Hills and English Street
Side of Street: South
Property Visibility: Excellent
Largest Nearby Street: E. Main Street
Traffic/Vehicle Count: 28,670
Transportation: Bus, Highway
Highway Access: NMSH 516 aka E. Main Street
Airports: Farmington Regional
Site Description: A +/- 3.24 acre parcel, zoned General Commercial, on Farmington's key E. Main Street corridor. 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. Pinon HIlls extension is planned for the next 18 months to connect to Bloomfield Hwy. This parcel is well positioned for today's business and the future. Access from E. Main Street and Rowe Avenue to the east. Approximately 200' frontage along E. Main and +/-220 frontage feet along Rowe Avenue.
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, Education, Forest Service and a wide range of entrepreneurial businesses make Farmington one of the strongest economies in New Mexico. This areas gross receipts for retail, restaurant and hospitality services is consistently above average for New Mexico and competing cities.
Lot Frontage: 200
Lot Depth: 320
Zoning Description: General Commercial
Development Name: 3.24+- acres along E. Main St at Rowe Ave.
Topography: Gently Sloping
Easements Description: refer to survey
Available Utilities: Electric, Water, Gas

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,508 27,390 49,138
Median Age: 35.22 34.46 34.87
Households: 917 10,080 17,684

Contact

Photograph of Listing Agent

Stephen Lyon, CCIM

Pegasus Group LLC
CARNM CIE Member
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