441 N GRAND Avenue Nogales, AZ $ 3,000,000
441 N GRAND Avenue
$ 3,000,000
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441 N GRAND Avenue

Nogales, AZ, 85621
$ 3,000,000
Baths0.0 Sq 27,651

Monthly Estimate*

$ 19,939

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Studio

Commercial Property for sale in Nogales, AZ

for $3,000,000. This 27,651 square foot building was built in 1979 on a lot size of 1.27.

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!

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Commercial Active

Price

$ 3,000,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,844

Style

Comm/Industry Sale

Lot Size

1.27

Year Built

1979

Town/City

Nogales

County/Region

Santa Cruz

MLS | Web ID

6651046

Features
General
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 N
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 N
Open Parking Spaces 90.0
Lot Size Square Feet 55162.0
Carport Y/N N
Street Name GRAND
Tax Annual Amount 13844.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 130
Structure Type Commercial
Standard Status Active
Tax Lot 15
Cap Rate 6.2
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Carpet Ceramic Tile Vinyl Concrete
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
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 N
Lot Dimensions IRREGULAR
Lot Size Acres 1.27
Lot Size Units Square Feet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 441
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* Excluded Features
List By
Realty Executives Arizona Territory

Broker

Travis@thepottingergroup.com

Email

Affordability Calculator

$21,093
Per Month
95%
5%
0%
Monthly Principal & Interest
$19,939
Monthly Property Taxes
$1,154
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2024$3,000,000 Listed Price

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441 N GRAND Avenue, Nogales, AZ, 85621 is a Commercial Property for sale at $3,000,000 with 27,651 sqft and a lot size of 1.27. 441 N GRAND Avenue is a studio with 0.0 baths and was built in 1979. The property's zip code is 85621 which is in Nogales, AZ