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$3,000,000
297 Days On Site

441 N GRAND Avenue
Nogales, AZ 85621

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
27,651
SqFt
$108
/SqFt
1979
Built
Subdivision:
CITY OF NOGALES
County:
Santa Cruz
Call Now: 602-740-1035
Is this the home for you? We can help make it yours.
602-740-1035
441 N GRAND Avenue441 N GRAND Avenue441 N GRAND Avenue441 N GRAND Avenue
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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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Listing Snapshot
Price 
$3,000,000
Days On Site 
297 Days
Bedrooms 
N/A
Inside Area (SqFt) 
27,651 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.27 Acres
Year Built 
1979
MLS® Number 
6651046
Status 
Active
Property Tax 
$13,844
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
10 months agoStatus changed to Active
10 months agoListing first seen online
10 months agoListing updated with changes from the MLS®
General Features
Acres 
1.27
Parking Spaces 
90
Sewer 
Public Sewer
Zoning 
GC
Interior Features
Cooling 
Central Air
Flooring 
CarpetCeramic TileVinylConcrete
Heating 
Natural Gas
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Exterior Features
Construction Details 
Block
Fencing 
None
Roof 
Built-Up
Community Features
Township 
24S
Listing courtesy of Realty Executives Arizona Territory.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data Last Update: 2024-10-30 12:00 AM UTC

Neighborhood & Commute
Source: Walkscore
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