3005 NORTHRIDGE Drive H

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3005 NORTHRIDGE Drive H

Farmington, NM 87401
Asking Price
$130K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel available for acquisition in Farmington
  • Property is situated at 3005 Northridge Drive H
  • Asking price for the commercial land is 130000 dollars
  • Farmington serves as a key economic hub in New Mexico
  • Asset provides potential for future commercial development projects

What's Special

Development of a commercial project is well-suited for this parcel of land located at 3005 Northridge Drive H in Farmington, New Mexico. The site offers a strategic footprint for investors or business owners looking to establish operations within the 87401 zip code. Farmington serves as a primary hub for the Four Corners region, characterized by a diverse economic base that spans energy, healthcare, and retail sectors. The local infrastructure supports various commercial ventures, making this vacant land a functional addition to a broader real estate portfolio. Prospective buyers can leverage the area's ongoing demand for commercial space to pursue ground-up construction or long-term land holding strategies. The parcel is positioned to accommodate a variety of commercial site plans depending on local zoning requirements and site specifications. Given the regional economic activity, this property represents a practical acquisition for parties interested in the Farmington market.

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NOI
$80,000
Cap Rate
61.54%
DSCR
10.37
Strong
Cash-on-Cash
185.34%
Monthly Payment
$643.169
Annual Cash Flow
$72,281.971

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