Milan/Grants I-40 Interchange Land

Vacant Land for Sale
Catylist Listing ID: 30705400
Property Subtypes: Hospitality, Industrial, Mobile Home Park, Multi-Family, Retail, Retail-Pad, Self Storage
Gross Land Area: 4 Acres
Sale Price: $825,000
Unit Price: $206,250 Per Acre
Sale Terms: Cash to Seller, Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 6/17/2021

Overview / Comments

• Approx 4 AC Commercial Site @ Horizon/I-40 Interchange - Milan NM
• Site Consist of 3 Adjacent Tracts with Good Freeway Visibility
• Excellent Synergy with Petro Stopping Center Truck Stop, Love’s Travel Stop, John Brooks Supermarket & Various Local Restaurants at or near interchange
• Full Vehicle Access To/From Horizon Blvd with Easy Access to I-40
• Phenomenal Passenger and Truck Traffic Along I-40 Corridor
• Site Lays Out Well for Redevelopment into a Variety of Mixed-Use Commercial Retail and Service-Related Operations
• Removal of Gas Infrastructure is Currently Taking Place

Additional Details

Nearest MSA: Grants
County: Cibola
Tax ID/APN: R20180
Zoning: COMMERCIAL
Property Located Between: Grants and Gallup
Property Visibility: Excellent
Largest Nearby Street: Horizon Blvd
Highway Access: Immediate I-40 access via Horizon Blvd
Site Description: Site was formerly utilized as a bulk fuel plant that is in the process of being decommissioned with gas infrastructure removal in the process of taking place
Area Description: Excellent interstate interchange with variety of activity generator in and around this interchange. Heavy semi truck traffic with nearby Loves and Petro truck stops
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,478 3,249 9,517
Median Age: 33.97 37.8 35.51
Households: 549 1,261 3,704

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