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206-250 Mills Avenue Las Vegas, NM $ 6,300,000
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$ 6,300,000 Get more info
206-250 Mills Avenue
$ 6,300,000
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206-250 Mills Avenue

Las Vegas, NM, 87701
$ 6,300,000
Baths0.0

Monthly Estimate*

$ 44,007

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Studio

Commercial Property for sale in Las Vegas, NM

for $6,300,000. The lot size is 3.68.

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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Commercial Active

Price

$ 6,300,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

Retail

Lot Size

3.68

Town/City

Las Vegas

County/Region

San Miguel

MLS | Web ID

1061334
Features
General
Heating Electric
Cooling Other
Utilities ElectricityConnected SewerConnected WaterConnected
Construction Materials Stucco
Property SubType Retail
Gross Income 479703.26
Accessibility WheelchairAccess
County San Miguel
Operating Expense 154605.86
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions 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 on
City Las Vegas
Buyer Agent Compensation 2%
Disclosures RANM2100Disclosure
View Y/N N
Senior Community Y/N N
Zoning Description NR
MLS Area 600 - San Miguel
Lot Size Square Feet 160301.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Mills
Listing Terms Cash Conventional
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 0.0
Home Warranty Y/N N
Ok to Lease None
Lease Renewal Y/N N
Additional Parcels Y/N N
Leasable Area 74.0
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 7
Lease Type None
Standard Status Active
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Exterior
Parking Features OnSite
Total Parking 140.0
Spa N
Lot Size Acres 3.68
Lot Size Source PublicRecords
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Electric On Property Y/N N
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* Excluded Features
List By
Coralee Quintana

Listing Agent

Exp Realty Llc

Broker

coralee.quintana@exprealty.com

Email

Affordability Calculator

$44,007
Per Month
100%
0%
0%
Monthly Principal & Interest
$44,007
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
537023 Elementary School
537125 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/25/2024$6,300,000 Listed Price

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206-250 Mills Avenue, Las Vegas, NM, 87701 is a Commercial Property for sale at $6,300,000 with a lot size of 3.68. 206-250 Mills Avenue is a studio with 0.0 baths. The property's zip code is 87701 which is in Las Vegas, NM

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