1503 SCHOFIELD Lane

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1503 SCHOFIELD Lane

Farmington, NM 87401
Asking Price
$300K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel available for sale in Farmington
  • Asking price for the property is set at $299,900
  • Property is situated at 1503 Schofield Lane in New Mexico
  • Ideal location for retail or service-oriented business developments
  • Site serves the broader Four Corners regional business economy

What's Special

Priced at $299,900, this commercial land parcel located at 1503 Schofield Lane in Farmington, New Mexico, provides an accessible development site for various business ventures. The property sits within a region recognized for its connection to the energy sector and diversified regional commerce, serving as a hub for the Four Corners area. Its location allows for potential utilization in retail, service-oriented commercial developments, or specialized industrial support operations common to the Farmington market. Investors and developers can capitalize on the strategic positioning of this site to cater to the needs of the surrounding community. The dimensions and zoning suitability of this land make it a practical selection for those seeking to establish a permanent presence in a growing suburban market within the metro area. Whether planning a new build or looking to secure a foothold in the local commercial landscape, this parcel offers the foundational space required for professional site planning and future commercial operations.

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NOI
$80,000
Cap Rate
26.68%
DSCR
4.49
Strong
Cash-on-Cash
69.13%
Monthly Payment
$1,483.742
Annual Cash Flow
$62,195.101

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