REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by Tianna King San Juan Realty
$ 2,900,000
Est. payment /mo
Active
2050 KNUDSEN AVE Farmington, NM 87401
16,498 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,498 sqft
Price per Sqft $175
Subdivision Valley View Center Hub
MLS Listing ID 25-1338
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Commercial
Source San Juan County Board of REALTORS®
Land Area 16498
Property 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 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.
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.
Location
State NM
County San Juan
Area 4H
Direction {\"Directions to Prprty\":true}
Interior
Heating Forced Air
Cooling Central Air
Exterior
Garage No
Building
Faces {\"Directions to Prprty\":true}
Others
Pets Allowed No
Security Features Fire Sprinkler System,Fire Alarm,Smoke Detector(s),Security System