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Farmington, PA Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Farmington, Pennsylvania Market population: 46K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....

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Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset

$1,375,000
Philadelphia Multifamily

Discover a prime investment opportunity at 1531 Green St in Philadelphia, PA, a dynamic multifamily property offering co...

Cap Rate %
NOI $0
Size 6,624 SF

πŸ“Š Avg Property Tax Rate For Farmington NM Properties: 62.0000%

πŸ“Š Average Income For Farmington NM Commercial Property: $54,119

Investor Questions For Farmington NM

Common questions from investors exploring commercial real estate in Farmington NM.

What is the overall investment potential of Farmington, NM, considering its demographic and economic factors? +
The city's median household income of $54,119, combined with a poverty rate of 17.9% and a high health insurance coverage rate of 86.3%, suggests a relatively stable market with opportunities for investment, particularly in the health care and social assistance sector, which is one of the top industries in the area.
How does the ethnic diversity and industry landscape of Farmington, NM impact the demand for housing and rental properties? +
The city's diverse population, with top ethnicities including White, White Non-Hispanic, and Native American, contributes to a strong demand for housing, while the presence of top industries like Health Care & Social Assistance, Retail Trade, and Public Administration provides a stable employment base, which can support a healthy rental market, especially considering the average commute time of 17.5 minutes and the high percentage of people who drive alone to work.
What are the key factors that influence the quality of life in Farmington, NM, and how do they impact real estate investment decisions? +
The city's relatively low average commute time of 17.5 minutes, high health insurance coverage rate of 86.3%, and low veteran unemployment rate of 4.1% contribute to a high quality of life, making it an attractive location for residents and investors alike, while the median property value of $183,400 and median property taxes of $11,191 provide a relatively stable and affordable housing market.
How does the foreign-born population and language diversity in Farmington, NM affect the local real estate market and investment opportunities? +
The city's foreign-born population of 9.5%, with top countries of origin including Mexico, Philippines, and Germany, adds to the cultural diversity and can contribute to a strong demand for housing, particularly in areas with high concentrations of foreign-born residents, while the language diversity, with 76.2% of residents speaking English only, can impact the types of properties and amenities that are in demand, such as bilingual services and international amenities.
What are the implications of the city's poverty rate, income inequality, and employment landscape on the stability and potential returns of real estate investments in Farmington, NM? +
The poverty rate of 17.9%, income inequality measured by a GINI coefficient of 0.463, and employed population of 20,349 suggest that while there are challenges to be addressed, the city's economy is relatively stable, with a strong employment base in the health care and social assistance sector, which can support a stable and potentially growing real estate market, particularly for investors who focus on affordable and workforce housing.

Farmington NM Real Estate & City Facts

Key facts and real estate information about Farmington NM.

What are some of the best neighborhoods to live in Farmington? +
Some of the best neighborhoods to live in Farmington include Mesa View Estates, Foothills, and areas near Farmington High School, the public library, and San Juan College. These neighborhoods are known for their spacious homes, quiet streets, and family-friendly atmosphere.
What are some fun things to do in Farmington? +
Farmington has plenty of outdoor activities to offer, such as camping, boating, and fishing at Navajo Lake State Park, or kayaking at the Animas River Water Park. You can also explore the city's many parks, trails, and wildlife viewing areas. For some culture, visit the Farmington Museum or check out the local events and festivals.
What is the food scene like in Farmington? +
Farmington's food scene is diverse and exciting, with over 100 local restaurants offering a variety of flavors. Some popular spots include Three Rivers Brewery and Eatery, Mmm Que Rico, The Chile Pod, and Joe's Italian Restaurant. There are also plenty of great food trucks and cafes to try. Whether you're in the mood for Mexican, Italian, or Indian cuisine, Farmington has something for everyone.
What are the pros and cons of living in Farmington? +
The pros of living in Farmington include its natural beauty, outdoor recreation opportunities, and a growing food and cultural scene. However, some cons include the city's relatively high poverty rate and limited job opportunities in certain industries. Additionally, the city's remote location can make it difficult to access certain amenities and services. Overall, Farmington is a great choice for those who value a relaxed, small-town lifestyle and are willing to trade off some urban conveniences.
Is Farmington a good place to live? +
Farmington is a great place to live for those who enjoy outdoor activities, a tight-knit community, and a relatively low cost of living. While it may not have all the amenities of a larger city, Farmington has a unique charm and a growing cultural scene. With its beautiful natural surroundings, friendly residents, and plenty of things to see and do, Farmington is definitely worth considering as a place to call home.
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