0 Baths

$950,000

5.42 ACRES NELSON Avenue, Farmington NM, 87401

Property typeCommercial

Overview

Active

Listed Apr 25, 2026

Updated Sep 8

Nelson is a prime 5+ acre infill development opportunity located near the Cannery Apartments with direct access from Broadway, perfectly positioned inside Farmington's Metropolitan Redevelopment Area (MRA). This designation encourages higher-density housing, infill development, and public/private partnerships, allowing future projects to explore incentives such as tax-increment supported improvements, infrastructure assistance, and other redevelopment tools that strengthen project viability and long-term return. The site is ideally suited for multifamily or senior-oriented housing and aligns well with financing opportunities through the New Mexico Housing Trust Fund (NMHTF), which offers discounted financing for qualifying rental and senior projects. Adding to its appeal, utilities are already in the street including two water taps, natural gas, and electric and the road improvements are complete, offering excellent access and reducing upfront development costs. It offers exceptional proximity to key amenities: minutes to Four Corners Regional Airport, San Juan Regional Medical Center, medical offices, and Farmington's revitalized downtown district featuring art galleries, restaurants, entertainment, and Main Street cultural offerings. With its size, strategic location, infrastructure readiness, and possible eligibility for powerful development incentives, this property is truly ripe for investors and builders ready to bring Farmington's next residential community to life. Seller and listing broker make no guarantees or warranties about future development, zoning or availability of grants, governmental assistance or subsidies for construction. Buyer to satisfy themselves of all information prior to closing.

Listed by Jodi Brown with Real Estate PROS
Listing Contact: 505-588-7767

The IDX display contains information sourced from the San Juan County Board of REALTORS® as of 9/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 9/8/2026 at 9:19 PM UTC