Harbor Freight-Anchored Shopping
New
For Sale
$7,910,000
805 - 919 US-491, Gallup, NM 87301
Established retail tenancy spans national, regional, and local occupants along Gallup’s primary retail corridor.
Property Size50,295 SF
Price / SF$157.27
Days on Market2
Property Features for 805 - 919 US-491
General Information
Standard status
Active
Size
50,295 SF
Property subtype
Shopping Strip
Occupancy
92%
Additional Details
Cap Rate
7.5%
Anchor Co-Tenants
Harbor Freight
Amenities
HARBOR FREIGHT-ANCHORED | ESTABLISHED NATIONAL TENANCY
92% OCCUPIED | IMMEDIATE LEASE-UP OPPORTUNITY
SIGNIFICANT RENT SPREAD | MARK-TO-MARKET POTENTIAL
STRATEGIC POSITION ALONG GALLUP'S PRIMARY RETAIL CORRIDOR
Building Details
Building Size
50,295 SF
Year Built
1980
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: Sep 1
Last Checked: Sep 1 at 8:46PM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
El Mercado Plaza is a 50,295-square-foot shopping center completed in 1980. Harbor Freight serves as the anchor, while the tenant roster includes T-Mobile, Little Caesars, Wingstop, AT&T, and Regional Finance. The center is 92 percent occupied and includes 3,979 square feet of existing vacancy for future leasing activity.
The property is located at 805–919 US-491 in Gallup, New Mexico, near Rio West Mall and a concentration of national retailers, restaurants, and hotels. Ownership encompasses three separate parcels, creating flexibility for future parcel sales or other disposition strategies.
The property is located at 805–919 US-491 in Gallup, New Mexico, near Rio West Mall and a concentration of national retailers, restaurants, and hotels. Ownership encompasses three separate parcels, creating flexibility for future parcel sales or other disposition strategies.
Key Highlights
- 50,295‑square‑foot shopping center built in 1980
- Harbor Freight serves as the anchor tenant
- 92 percent occupied with 3,979 square feet of vacancy
Property Analytics
Current Use
Lease Details
92%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87301, NM
22,438
Population
7,776
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
89%
High-School Grad
39.5 sq mi
ZIP Area
568
Density / Sq Mi
$58,302
Median Household Income
$35,574
Median Earnings
$858
Median Rent
$134,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Rio West — 1300 West I- 40 Frontage Road, Gallup, NM 87301
- Coinstar Kiosk | Bitcoin ATM — Safeway, 980 US-491, Gallup, NM 87301
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail tenancy spans national, regional, and local occupants along Gallup’s primary retail corridor.
Where is this shopping center located?
The property is located at 805 - 919 US-491 Gallup, NM.
What is the asking price?
The asking price for this property is $7,910,000.
What are key features of this property?
This property features: 50,295‑square‑foot shopping center built in 1980; Harbor Freight serves as the anchor tenant; 92 percent occupied with 3,979 square feet of vacancy
