''Lakewood Subdivision'' ATTENTION DEVELOPERS & INVESTORS! Rare 40-acre development opportunity ideally positioned in Farmington, New Mexico. The property is currently zoned Rural Agriculture yet benefits from existing, approved subdivision plans, significantly reducing entitlement timelines and upfront risk. An 80-foot access and utility easement from E Main Street provides direct connectivity, with sewer already in place, an exceptional infrastructure advantage for a project of this size. Located just minutes from shopping, San Juan Country Club, and Farmington Lake, and less than an hour from Durango, Colorado, the property is nestled between established neighborhoods with nearby parks. This setting creates a natural and highly desirable transition for residential growth. The site lends itself well to multiple development concepts, including single-family residential neighborhoods, clustered or cottage-style communities, estate-size lots, or thoughtfully designed open-space residential projects that complement surrounding developments. With access, utilities, and preliminary planning already in motion, this property presents a rare combination of scale, location, and readiness. Large tracts with this level of preparation are increasingly scarce, making this an exceptional opportunity with substantial upside.