About 206-250 Mills Avenue
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.
Features of 206-250 Mills Avenue
| MLS® # | 1061334 |
|---|---|
| Price | $5,900,000 |
| Bathrooms | 0.00 |
| Acres | 3.68 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 206-250 Mills Avenue |
|---|---|
| Area | 600 - San Miguel |
| City | Las Vegas |
| County | San Miguel |
| State | NM |
| Zip Code | 87701 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Parking | On Site |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric |
|---|---|
| Cooling | Other |
| Fireplace | No |
Exterior
| Construction | Stucco |
|---|
Additional Information
| Date Listed | April 24th, 2024 |
|---|---|
| Days on Market | 297 |
| RE / Bank Owned | No |
Listing Details
| Office | EXP Realty LLC |
|---|