2050 KNUDSEN Avenue, Farmington, NM 87401

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.