441 N GRAND Avenue Active Save Request In-Person Tour Request Virtual Tour
Nogales,AZ 85621
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision City Of Nogales
MLS Listing ID 6651046
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1979
Annual Tax Amount $13,844
Tax Year 2020
Lot Size 1.266 Acres
Acres 1.27
Lot Dimensions IRREGULAR
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!
Location
State AZ
County Santa Cruz
Community City Of Nogales
Zoning GC
Direction Start 1-19 & N. Grand Avenue, head South on N. Grand Avenue to address on left hand side.
Interior
Heating Natural Gas
Cooling Central A/C
Flooring Carpet,Ceramic Tile,Vinyl,Concrete
Exterior
Garage Paved Parking,Public Parking,Free
Fence None
Waterfront No
Roof Type Built-Up
Present Use Mixed Use,Retail,Religious Facility,Office
Total Parking Spaces 90
Building
Dwelling Type Commercial
Sewer Public Sewer
Water City Franchise
New Construction Yes
Others
Senior Community No
Tax ID 101-50-044-A