Call Us: 877-612-8494
Own 5.7 Acres of Prime
Buy It Now for $575,000
DON’T MISS THIS OPPORTUNITY TO BID, BUY & OWN A Unique Home in Beautiful Longmont Colorado
This charming home in Longmont, Colorado.
N. Butler Avenue, Lot 1 and 2 Farmington, NM 87401
Fees & Commission
Previously Listed: $1,440,093
Broker CO-OP: 2.5%
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a Private Showing
LOCATION, LOCATION, LOCATION! Don’t miss this prime investment opportunity to bid, buy, and own one of the most premier commercial sites in all of Farmington New Mexico, just minutes from Main Street. Located in the Butler Professional Plaza and next to the desirable Sunrise Subdivision residential development.
These 2 PRIME COMMERCIAL LOTS are situated on the corner of Butler and Sunrise Pkwy the parcels feature excellent visibility, stoplight intersection for convenient ingress/egress, level and buildable sites, and quick access to Pinon Hills bypass and dual zoning on the contiguous parcels allowing versatility with development. This high traffic intersection sees nearly 12,000 Vehicles per day and is adjacent to the nationally ranked Pinon Hills Golf Course with close proximity to San Juan Community College.
At 5.7 acres combined, these two commercial lots are ready to become the dream business spaces for entrepreneur! The first parcel is 1.5 acres and zoned LOCAL NEIGHBORHOOD COMMERCIAL . which is ideal for businesses such as low-intensity retail stores, grocery stores, automotive stores, gas stations, car washes, day care, and many other business types that support the local communities. This parcel is directly adjacent to a golf course, this location could also be a suitable candidate for sporting goods or a golf pro shop.
The second parcel is 4.2 acres, and is zoned OFFICE / PROFESSIONAL. These parcels are situated in a major residential development area, with existing subdivisions nearby making it ideal for businesses such as; drugstores, barbershops, beauty salons, coffee shops, or dry cleaners. Regardless of what your plan is for future development, these parcels will grow in equity.
Don’t miss your opportunity; Bid NOW! and make this property your next best investment!!
High Traffic Commercial Lots in Farmington NM!
Location: Minutes from Main Street and close to San Juan Community College.
Growing community: New developments, modern residential development and more will surround your new business.
Great Exposure: an average of 12,000 vehicles pass this location daily.
Massive Potential: ideal location for a gas station, beauty salon, retail shop, car wash, restaurant, sporting goods store, coffee shop & so much more!
All property measurements are approximate. All information on this website was delivered from sources believed to be correct, but not guaranteed. It is the buyer’s responsibility to verify all property specifications prior to the auction date. Prestige Real Estate Auction, LLC is an agent of the seller. Announcements take precedence over printed materials. Not available to residents of any state in which this real estate is not in compliance with the real estate laws or other laws of that state.
For Complete Terms & Conditions, go to the Property Information Packet on this website.
Lot 1 ( Parcel # 2075174017243)
Lot 2 ( Parcel # 2075174019213)
Farmington New Mexico
Farmington is the largest city within the Four Corners region. Farmington's population is approximately 45,000, and the city services the needs of 120,000. people around the region. Locals and tourists alike spend weekends along one of the three rivers, they play rounds of golf on a nationally ranked course, some go off roading and hiking on historic trails. Located only an hour from Durango, CO and just over an hour to the world-famous Mesa Verde National Park; This location is rich in culture, has beautiful landscapes and adventures. These attractions generate an increasing amount of traffic from locals and tourist alike. In the last year close to 1,000 new residents moved to the area. As this area continues to grow, so will the commercial demand.
Janelle Karas commenced her Real Estate career in 1989 in “list and sell” Real Estate, and has been involved in the mortgage industry, real estate development and investing. Since June 2002, Janelle has worked exclusively in the Real Estate Auction industry and has successfully sold hundreds of properties in the Western United States via auction.
Real Estate Auctioneer
TERMS & CONDITIONS
AUCTION TERMS & CONDITIONS
Property Address: N Butler Avenue & Sunrise Pkwy – Farmington, NM parcels 2075174017243 and 2075174019213
Absolute Auction: No Minimums, No Reserves
Bidders Registration: All prospective buyers must register to bid. An initial deposit of $20,000 in the form of a cashier’s check or wire transfer payable to United Country Real Estate- Prestige Auction, LLC will be required to bid at the auction along with a Signed Initial Bid Form, Terms and Conditions, Property Information Package Receipt and Bidder Registration Card. The $20,000 deposit will be immediately returned in the event the bidder is unsuccessful. (Please call for wire instructions)
Registration documents and initial deposits by wire transfer only need to be received in our office 48 hours prior to auction
Initial Bid: To register you are required to submit an initial bid. Initial Bids do not constitute a contract nor commencement of the auction.
Buyer’s Premium: A 10% Buyer’s Premium will be added to final bid and included in total Contract Price.
Earnest Money Deposit: 10% non-refundable earnest money deposit will be due immediately after being declared the winning-bidder. The remainder of the earnest money deposit (above the initial deposit) can be paid by check or wire transfer. Wire transfers must post within 24 hours after being declared the winning-bidder. This amount will be applied to the purchase price and will be deposited in the brokers escrow account.
Purchase Contract: Winning-bidder hereby agrees to enter into an Auction Buy/Sell Contract to Purchase the property immediately upon being declared the Winning-Bidder by the Auctioneer.
For on-line bidders: upon the close of the auction the winning-bidder will be forwarded via email an Auction Buy/Sell Contract to Purchase the property for electronic signature. Purchase Contract must be signed and returned, along with earnest money deposit, within than 24 hours from being declared the winning-bidder or will forfeit their initial deposit.
Phone and On-line Bidding: Phone and On-line bidding is available. Registration must be completed 48 hours prior to the auction. All terms will apply as if you were participating at the auction in person. Wire transfer of the $20,000 will be required. Please contact Auction Company for full details.
Closing: Closing: The remaining balance of the Contract Price is due in cash or new loan at closing within 30 days of the close of the auction. A Special Warranty Deed will be supplied by the seller at the seller’s expense giving marketable title subject to restrictions of record. Taxes & Home Owners Association fees are pro-rated. Title insurance will be at the buyer’s expense.
New Mexico Gross Receipts Tax (“GRT”): Buyer to pay the GRT in the amount of TBD of the commission or Buyer’s Premium
No Financing Contingency: By participating in this auction, bidders hereby agree that their bid shall NOT be subject to the bidder’s ability to obtain financing and there are no financing contingencies. We encourage you to have a full written approval before bidding. The balance is due in cash or new loan at closing within 30 days.
Bidder Information Package: A Package of information has been assembled for this property and may include; disclosures, title documentation, HOA Docs, surveys, inspection reports, etc.
Property Previews: Public Previews are scheduled on specific dates and times. It is highly recommended that all bidders personally inspect the property prior to placing any bids in the auction. Property inspections are the sole responsibility of the bidders.
Conduct of Auction: Conduct of auction and bidding increments are at the discretion of United Country Real Estate- Prestige Auction, LLC. United Country Real Estate- Prestige Auction, LLC reserves the right to deny any person admittance to the auction.
Broker Participation Invited: RE/MAX of Farmington is offering a 2.5% Broker CO-OP is being offered to the broker that brings the successful high bidder. Brokers must register their buyer 48 hours in advance subject to established United Country Real Estate- Prestige Auction, LLC guidelines. Contact our office for more information 877-612-8494.
Registration documents do not constitute a contract nor commencement of the auction. Seller has the right to extend the auction date and/or withdrawal any or/all the property prior to commencement of the auction. Commencement takes place when the auctioneer has placed first bid wether live, webinar or online. Seller has the right to accept or reject any offers prior to auction. Open commencement of the auction property will sell to the highest bidder including Buyer’s Premium regardless of price.
All information provided is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. Information is subject to change without notice. There are no warranties either expressed or implied pertaining to this property. Real estate is being sold "As-Is, Where-Is" with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to bidding. All information is deemed reliable but not guaranteed- you must do your own due diligence.