2050 KNUDSEN Avenue, Farmington, NM 87401
sale
$2,900,000
|
Other
Courtesy Of San Juan Realty
Modern Multi-Use Commercial Building | 16,498.8 Sq. Ft. | High-Income Tenant + Expansion Potential - REC CONSIDEREDThis 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.
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Property Features
- Architecture Style: Other
- Building Units: 8
- Cooling System: Central Air
- Exterior Type: Stucco
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 2
- Heating System: Forced Air
- Legal Description: VALLEY VIEW CENTER SUBDIVISION REPLAT E LOT 1A-A-E2
- MLSID: 25-1338
- Parking Spaces: 21
- Roof Type: Metal
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