206-250 Mills Avenue Las Vegas, NM 87701
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.
- Property TypeCommercial
- NeighborhoodN/A
- CountySan Miguel
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site10 Days
- MLS StatusActive
- MLS ID Number1061334
- Home Size Source N/A
- Year BuiltN/A
- Lot Size3.68 Acres
- Full BathsN/A
- Partial BathsN/A
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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
Community Features
- MLS Area 600 - San Miguel