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$6,300,000
91 Days Online

206-250 Mills Avenue
Las Vegas, NM 87701

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
74
SqFt
$85,135
/SqFt

Built
County:
San Miguel

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206-250 Mills Avenue206-250 Mills Avenue206-250 Mills Avenue206-250 Mills Avenue
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Mills Plaza offers investors the unique opportuinty to achieve significant upside in the near term by leasing current vacancies and the newly approved drive-thru pad site. There are currently eleven vacancies, totaling 15, 459 square feet, and a 9, 000 square foot pad site with drive-thru, available to lease to a quick serve restaurant (QSR), bank, or car wash. Combined they equate to a physical vacancy of 36.2%. An investor will have the opportunity to increase the NOI by 27%, by leasing half vacant inline suites at $15 per square foot and the pad site at $5.56 per SF.Shopping center spans 58, 460 SF on 3.68 acres and includes 9, 000 SF padsite. Renovation work underway on vacant units.

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Listing Snapshot
Price 
$6,300,000
Days Online 
91 Days
Bedrooms 
N/A
Inside Area (SqFt) 
74 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
3.68 Acres
Year Built 
N/A
MLS® Number 
1061334
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS®
3 months agoListing first seen online
General Features
Construction 
Stucco
Parking 
On Site
Parking Spaces 
140
Number of Stories 
1
Acreage 
3.68
Zoning 
NR
Property Sub Type 
Retail
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Interior Features
Cooling 
Other
Heating 
Electric
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Community Features
MLS Area 
600 - San Miguel
Listing courtesy of EXP Realty LLC



Listing information is provided by Participants of the Southwest MLS, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024, Southwest MLS, Inc..
Data last updated at: 2024-07-25 02:10 PM UTC

Neighborhood & Commute
Source: Walkscore
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