206-250 Mills Avenue, Las Vegas NM 87701

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$5,900,000

206-250 Mills Avenue, Las Vegas, NM 87701

bedrooms

bathrooms

square feet

Acreage

3.68

Open Houses

year built

Full Baths

Half Baths

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Mills Plaza offers investors the unique opportunity 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 32%. 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.

Location
Subdivision	-
County	San Miguel
Elementary School	-
Middle School	-
High School	-

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MLS number: 1061334

Listing agent: Coralee H Quintana #48091

Listing broker: Exp Realty, Llc (505) 328-4892

Last update: Monday, December 16 2024 at 8:12 p.m. EST

Kotohomes National