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Bob Nathan

bob.nathan@engelvoelkers.com +1(480) 695-6031

$ 3,000,000

Est. payment -/mo

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Active

441 N GRAND Avenue Nogales, AZ 85621

1.27 Acres Lot

UPDATED:

09/20/2024 04:08 PM

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

Parking Type Paved Parking, Public Parking, Free

Total Parking Spaces 90

Building

Dwelling Type Commercial

Sewer Public Sewer

Water City Franchise

Others

Senior Community No

Tax ID 101-50-044-A

Listed by Realty Executives Arizona Territory

Bob Nathan

Global Private Office Advisor & Associate Broker | License ID: BR006110000

+1(480) 695-6031

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