Address
441 N GRAND Avenue, Nogales, AZ
Price
$ 3,000,000
Property Attributes
  • MLS#6651046
  • TypeCommercial
  • CountySANTA CRUZ
  • CityNogales
  • NeighborhoodCITY OF NOGALES
  • Zip85621
  • StyleComm/Industry Sale
  • Year Built1979
  • Taxes$ 13844
  • Price$ 3,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage27651
  • Lot Size1.27 Acres
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Phenomenal investment opportunity to own the coveted El Alamo Plaza, a well-established retail and office commercial center located on a huge 2.06-acrelot in the heart of downtown Nogales! Located approximately 0.45 of a mile north of the international border, the plaza can be accessed by heading south on. Grand Avenue (on way to Mexico) or by heading north on N. Arroyo Blvd (as leave Mexico). The property comprises 21 income producing units spread out over 37,482 square feet boasting 16 retail spaces, one big box retail, three office spaces, and one stand-alone hub. Established tenants include O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, Lorigo Construction, (see more...) Nueva Cosecha Ministries, Larriva Corporation, Smoke Emporium, Water Mill Express, and Geo's Nails, among others. O'Reilly Auto Parts lease is good through March 31st, 2024, with a four five-year option in place at a 5% increase and has exercised the lease through March of 2029. There is no landlord responsibility under agreement with O'Reilly Auto Parts! Additionally, O'Reilly Auto Parts covers 40% of the annual property taxes and 40% of the plaza's utilities! Buffalo Exchange is under a lease agreement through January 31st, 2026. Water Mill Express is a stand-alone hub under a lease agreement through October 31st, 2026. All occupied remaining units on month-to-month lease agreements. Income figures presented are based on 2022 actual figures. Rents are below market and have room to be increased!

Price History
1/16/2024 Listed $3,000,000

General Features

Sewer Public Sewer
Heating Natural Gas
Cooling Central A/C
Roof Built-Up
Zoning GC
Construction Materials Block
Year Built 1979
Township 24S
Tax Year 2020
Percent Ownership Fee Simple
Gross Income 201365.9
Business Type Retail,Office,Religious Facility,Mixed Use
County Santa Cruz
Net Operating Income 186084.32
Operating Expense 13844.0
Property Type Comm/Industry Sale
Attached Garage No
Subdivision Name CITY OF NOGALES
Building Features Kitchen
Status Active
Directions Start 1-19 & N. Grand Avenue,head South on N. Grand Avenue to address on left hand side.
City Nogales
Buyer Agent Compensation 3.00
Disclosures Seller Prop Disc Stm
View Y/N No
Open Parking Spaces 90.0
Lot Size Square Feet 55162.0
Carport Y/N No
Street Name GRAND
Tax Annual Amount 13844.0
Lease Renewal Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 121
Structure Type Commercial
Standard Status Active
Tax Lot 15
Cap Rate 6.2
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Carpet,Ceramic Tile,Vinyl,Concrete
Street Suffix Avenue
Electric On Property Y/N No

Exterior Features

Fencing None
Parking Features Paved Parking,Public Parking,Free
Water Source City Franchise
Total Parking 90.0
Lot Size Area 55162.0
Number of Buildings 21
Spa No
Lot Dimensions IRREGULAR
Lot Size Acres 1.27
Lot Size Units Square Feet
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 85621

Price
AVG $1.29M
$3M
Taxes
AVG $6,465
$13,844
Visits
AVG 41
29
Data Provided by Inside Real Estate®
Year Built
AVG 1969
1979

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