2050 KNUDSEN Avenue, Farmington, NM 87401

$2,900,000

Property Type: Commercial Sale Square Footage: 16,498 Lot Size (sq. ft.): 43,560 Status: Active

Current Price: $2,900,000 List Date: 10/26/2025 Last Modified: 10/26/2025

Overview

Description

Modern Multi-Use Commercial Building | 16,498.8 Sq. Ft. | High-Income Tenant + Expansion Potential - REC CONSIDERED This upscale, newer-construction commercial property offers a rare investment opportunity, a beautifully designed, versatile building with strong income streams, minimal overhead, and excellent room for growth. Highlights & Features 16,498.8 sq. ft. commercial building with 8 total units, 6 fully finished. Two upper-level live/work or executive-style suites featuring two bedrooms and two bathrooms each, turnkey and ready for occupancy or rental use (subject to zoning). Suites offer custom cabinetry, open-concept layouts, and beautiful views of Farmington. Suite 1: 1,516 sq. ft. Suite 2: 1,528.8 sq. ft. Unfinished main-level units are ideal for retail, professional offices, or customizable tenant build-outs. Seller will contribute up to $20,000/unit toward finishing-including one restroom and all standard interior finishes such as floor ... (Read more)

Listing Details MLS# 25-1338

Location, Tax & Legal

Area: 4H
Street Number: 2050
Street Name: KNUDSEN
Street Suffix: Avenue
County: San Juan
State/Province: NM
Postal Code: 87401
Subdivision: Valley View Center Hub
Legal: VALLEY VIEW CENTER SUBDIVISION REPLAT E LOT 1A-A-E2
Annual Taxes: 25,863.16
Tax Year: 2026
Pending Foreclosure: No
Foreclosed: No
Relocation: No
Short Sale: No
Offer Letters Accepted: N

Listing Info

GRT Location Code: 16-121

Property Information

Sub Type: Commercial
Realtor.com Type: Commercial
Parking: 21+
Restrooms: 5+
Offices: 5+
# of Acres: 1.24
# Units: 8
Building SqFt: 16498.8
Aprox Total SqFt.: 16498

Status Change Info

Status Change Date: 2025-10-26

Remarks & Misc

Public Remarks: Modern Multi-Use Commercial Building | 16,498.8 Sq. Ft. | High-Income Tenant + Expansion Potential - REC CONSIDERED This upscale, newer-construction commercial property offers a rare investment opportunity, a beautifully designed, versatile building with strong income streams, minimal overhead, and excellent room for growth. Highlights & Features 16,498.8 sq. ft. commercial building with 8 total units, 6 fully finished. Two upper-level live/work or executive-style suites featuring two bedrooms and two bathrooms each, turnkey and ready for occupancy or rental use (subject to zoning). Suites offer custom cabinetry, open-concept layouts, and beautiful views of Farmington. Suite 1: 1,516 sq. ft. Suite 2: 1,528.8 sq. ft. Unfinished main-level units are ideal for retail, professional offices, or customizable tenant build-outs. Seller will contribute up to $20,000/unit toward finishing-including one restroom and all standard interior finishes such as flooring, drywall, paint, and trim. Strong Lease in Place Long-term lease with Fresenius Kidney Care Dialysis, a leading national healthcare provider, occupying 7,338 sq. ft. Lease began three years ago with an initial 10-year term, currently at 9,500/month with 2% annual rent increases. Initial term ends in 2032, with the tenant holding first right of automatic renewal for an additional 15 years, totaling up to 25 years of lease potential. Conference/Event Space Includes a 3,032 sq. ft. conference and event venue. Features two full restrooms, storage, and a fully finished kitchen, ideal for meetings, events, or short-term use. Business & Management Advantages Optional management in place, offering a low-maintenance, turnkey investment. High profitability with minimal overhead and potential for additional income once remaining bays are finished. Perfect for investors seeking stable cash flow, long-term appreciation & flexible expansion.

Zoning

Mixed Use: Yes

More Information

Possession

Recording: Yes

Impr w/Strctr Usble

Conforming: Yes

Will Sell

Cash: Yes
Owner Carry 1st: Yes
Sell in Entirety: Yes

Documents on File

Financial Details: Yes
Legal Description: Yes
Recorded Plat: Yes

Condition

Excellent: Yes

Land Status

Land Included: Yes

Road Frontage

Private: Yes

Parking

Parking Lot: Yes

Location

Freestanding: Yes
Shopping Center/Mall: Yes
Subdivided Bldg: Yes

Type of Existing Business

Beauty Shop: Yes
Grocery Store: Yes
Lounge/Bar: Yes
Medical: Yes
Office: Yes
Professional Service: Yes
Restaurant: Yes
Retail Store: Yes

Number of Stories

One: Yes
Two: Yes

Lease Type

NNN: Yes

Imprvmt/Construction

Stucco: Yes
Other: Yes

Roof

Metal: Yes
Pitched: Yes

Security Features

Fire Alarm: Yes
Security System: Yes
Smoke Detector(s): Yes
Fire Sprinkler System: Yes

Age

1 Day to 10 Years: Yes

Cooling

Central Air: Yes

Ceiling Height

11 to 15 Feet: Yes
16 to 20 Feet: Yes

Floors

Carpeting: Yes
Concrete/Slab: Yes
Heavy Duty: Yes
Tile: Yes

Walls

Drywall: Yes
Paneled: Yes

Heat

Forced Air: Yes

Miscellaneous

Bath Rooms: Yes
Gas Water Heater: Yes
Inside Storage: Yes
Living Area in Bldg: Yes
Sprinkler System: Yes
Tenant Pays Util: Yes

Main Water Size

Unknown: Yes

Sewer

8 Inch: Yes

Utilities Available

City Sewer: Yes
City Water: Yes
Electric: Yes
Gas: Yes

Occupied

Lease/Rented: Yes
Owner: Yes

Sign on Property

Yes: Yes

How To Show

Appointment Only: Yes

Property Features

Zoning: Mixed Use Will Sell: Cash; Owner Carry 1st; Sell in Entirety Documents on File: Financial Details; Legal Description; Recorded Plat Land Status: Land Included Road Frontage: Private Location: Freestanding; Shopping Center/Mall; Subdivided Bldg Type of Existing Business: Beauty Shop; Grocery Store; Lounge/Bar; Medical; Office; Professional Service; Restaurant; Retail Store Lease Type: NNN Parking: Parking Lot Security Features: Security System; Fire Alarm; Fire Sprinkler System; Smoke Detector(s) Number of Stories: One; Two Age: 1 Day to 10 Years Ceiling Height: 11 to 15 Feet; 16 to 20 Feet Floors: Carpeting; Concrete/Slab; Heavy Duty; Tile Walls: Drywall; Paneled Roof: Metal; Pitched Heat: Forced Air Cooling: Central Air Miscellaneous: Bath Rooms; Gas Water Heater; Inside Storage; Living Area in Bldg; Sprinkler System; Tenant Pays Util Main Water Size: Unknown Sewer: 8 Inch Utilities Available: City Sewer; City Water; Electric; Gas Possession: Recording Occupied: Lease/Rented; Owner How To Show: Appointment Only Sign on Property: Yes Condition: Excellent

Documents

Property Disclosure Statement ›

Tax Estimate ›

Property Report Card ›

Tax Levy Disclosure ›

Disclaimers and Information ›

Market Conditions Advisory ›

Parcel ›

Listing Office: San Juan Realty

Listing Agent: Tianna King

Last Updated: October - 26 - 2025

The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange ('IDX') program of SJCBR, Inc. Real estate listings held by brokers other than [ insert IDX Subscriber's firm name here] are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed. The information contained in this publication is subject to change without notice. SJCBR, INC. Makes no warranty of any kind with regard to this material, including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose. SJCBR, INC. Shall not be liable for errors contained herein or for any damages in connection with the furnishing, performance, or use of this material.

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