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Retail Property with Medical Anchor
For Sale
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1606 7th St, Las Vegas, NM

Recently renovated retail property with a strong, medical-anchored tenant.

Property Size7,400 SF
Lot Size0.71 Acres
Price / SF$280
Days on Market401

Property Features for 1606 7th St

General Information

Standard status Active
Size 7,400 SF
Lot size 0.71 Acres
Property subtype RETAIL
Listing Agency: Absolute Investment Realty
Listed By: Rita Cordova · License #19300
Source: Moodyscre
Added: Jun 25, 2025 Changed: Jul 6 Last Checked: Jul 21 at 6:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Absolute Investment Realty

Investment Insights

Based on property information with market context.

This is a multi-tenant building with a master guarantor, anchored by a strong tenant with multiple locations throughout the Southwest. The property was recently renovated in 2020 and offers excellent visibility. The offering is structured as a 10-year absolute NNN sale-leaseback, with zero landlord responsibilities. The property has a size of 7,400 square feet.

Key Highlights

  • 10 year absolute NNN sale - leaseback, offering zero landlord responsibilities.
  • Medical anchored, providing stability and consistent traffic.
  • Multi‑tenant building with master guarantor.

Property Analytics

Current Use

Las Vegas Smoke (Bike/Boat/Book/etc) Store Aura Salon Barber Shop

Suggested Use

Top Pick Real Estate Agency HVAC Service Kitchen & Bath Showroom Garden Center (Bike/Boat/Book/etc) Store Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

759
Businesses Nearby
13k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 93% Home Improvements & Furnishings 7%
Allsups Shops & Services
12,160 visits/mo 0.0 miles
Pat Romero Feed & Supply True Value Home Improvements & Furnishings
890 visits/mo 0.2 miles

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Mills Plaza — 208 Mills Ave, Las Vegas, NM 87701
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Frequently Asked Questions

What type of property is this?
Shopping center - Recently renovated retail property with a strong, medical-anchored tenant.
Where is this shopping center located?
The property is located at 1606 7th St Las Vegas, NM.
What is the asking price?
The asking price for this property is $2,072,000.
What are key features of this property?
This property features: 10 year absolute NNN sale - leaseback, offering zero landlord responsibilities.; Medical anchored, providing stability and consistent traffic.; Multi‑tenant building with master guarantor.
(505) 489-8538 Call to check price and availability
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