AZ > Nogales
Nogales, AZ 85621,441 N Grand AVE
Nogales, AZ 85621,441 N Grand AVE
Nogales, AZ 85621,441 N Grand AVE
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Caleb & Lorena Lineberger

Caleb & Lorena Lineberger

+1(928) 322-6716
Listed by Realty Executives Arizona Territory
$2,400,000
Est. payment /mo
37,482 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 37,482 sqft

Price per Sqft $64

MLS Listing ID 22327313

Year Built 1979

Annual Tax Amount $22,645

Tax Year 2024

Lot Size 26 Sqft

Acres 2.06

Lot Dimensions Irregular

Source MLS of Southern Arizona

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-acre lot 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 N. 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, Mining Supplies, ...Nueva Cosecha Ministries, Larriva Corporation, Smoke Emporium, Water Mill Express, Fresk-Ka, and Geo's Nails, among others. O'Reilly Auto Parts lease is good through March 31st, 2029, with a four five-year option in place at a 5% increase and has exercised the lease through March of 2049. 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, 2031. 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. Rents are below market and have room to be increased!

Location

State AZ

County Santa Cruz

Area Scc-Nogales East

Zoning Nogales - GC

Direction Start 1-19 & N. Grand Avenue, head South on N. Grand Avenue to address on left hand side.

Rooms

Guest Accommodations No

Interior

Heating Forced Air

Cooling Ceiling Fan(s), Central Air

Exterior

Parking Features Common

Fence Split Rail

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Public

Roof Type Built-Up - Reflect

Building

Lot Description East/West Exposure, Subdivided

Others

Tax ID 101-50-044A

Acceptable Financing Conventional, Owner Will Carry, Cash, Submit

Listing Terms Conventional, Owner Will Carry, Cash, Submit

Special Listing Condition None

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MLS of Southern Arizona - IDX

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Caleb & Lorena Lineberger
Caleb & Lorena Lineberger

Agent | License ID: SA709274000 | SA710974000

+1(928) 322-6716 | linebergerteam@epique.me

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441 N Grand AVE