Property Description
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.
Features
: Electric
: Other
: 140
: On Site
$0
Address Map
NM
San Miguel
Las Vegas
87701
206-250 Mills Avenue
0
W106° 45' 59.7''
N35° 36' 3''
Additional Information
EXP Realty LLC
Coralee H Quintana
: Wheelchairaccess
$0
0 Sqft
: Stucco
7
From Santa Fe, get onto I-25 N. Continue for 60 miles. Take exit 343 toward NM-283/I-25 BUS/NM-329/Las Vegas. Turn left onto I-25BL. Turn left onto New Mexico Ave. Continue onto Church St. Continue onto Mills Ave. Turn left into the parking lot.
$0
Cash,Conventional
$0
1-094-093-179-250
1
$0
: Electricity Connected, Sewer Connected, Water Connected
2%
20349227
600 - San Miguel

Commercial Sale

206-250 Mills Avenue, Las Vegas, New Mexico 87701

160,301 Sqft
Visits : 30 in 11 days
$6,300,000
Listing ID #1061334
Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 1061334
Price : $6,300,000
Acres : 3.68 Acre
Lot Area : 160,301 Sqft
Status : Active
Property Sub Type : Retail
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