5.42 ACRES NELSON Avenue, Farmington, NM 87401

$950,000

Attachment from the SJC Assessor. This shows a general shape of the acreage. There is a fence at the back of the property. The property beyond the fence is not part of the property.

The boundaries indicated in this photo are not in the actual location of the property boundaries. Do not rely on satellite imagery for any purpose.

Property Type: Commercial Sale Status: Active

Current Price: $950,000 List Date: 4/25/2026 Last Modified: 4/25/2026

Overview

Description

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 ... (Read more)

Listing Details MLS# 25-1512

Location, Tax & Legal

Area: 8E
Street Number: 5.42 ACRES
Street Name: NELSON
Street Suffix: Avenue
County: San Juan
State/Province: NM
Postal Code: 87401
Subdivision: Cannery
Legal: CANNERY SUBDIVISION REPLAT B LOT 1A-2 BK.1409 PG.824 BK.1413 PG.181 BK.1466 PG.410,412 BK.1645 PG.700
Annual Taxes: 8472
Tax Year: 2024
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: Unimproved Land
Realtor.com Type: Commercial
Parking: 21+
Restrooms: No
Offices: No
Association/Condo Fee: 0
Association/Condo Comments: No

Status Change Info

Status Change Date: 2026-04-25

Remarks & Misc

Public Remarks: 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.

Zoning

Mixed Use: Yes

More Information

Possession

Recording: Yes

Impr w/Strctr Usble

No: Yes

Will Sell

Owner Carry 1st: Yes
Sell in Entirety: Yes

Documents on File

Aerial Photo: Yes
Legal Description: Yes

Condition

Excellent: Yes

Road Frontage

City: Yes

Parking

Other (Explain): Yes

Location

Downtown Area: Yes

Type of Existing Business

Medical: Yes

Sewer

10 Inch or More: Yes

Utilities Available

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

Occupied

Vacant: Yes

Sign on Property

Yes: Yes

How To Show

Appointment Only: Yes
Special (See Rmrks): Yes

Property Features

Zoning: Mixed Use Will Sell: Owner Carry 1st; Sell in Entirety Documents on File: Aerial Photo; Legal Description Location: Downtown Area Type of Existing Business: Medical Parking: Other (Explain) Sewer: 10 Inch or More Utilities Available: City Sewer; City Water; Electric; Gas; Sanitation Possession: Recording Occupied: Vacant How To Show: Appointment Only; Special (See Rmrks) Sign on Property: Yes Condition: Excellent

Documents

ALTA ›

Parcel Map ›

Property Record Card ›

Tax Estimate ›

Listing Office: Real Estate PROS

Listing Agent: Jodi Brown

Last Updated: April - 25 - 2026

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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