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$3,000,000
366 Days On Site

441 N Grand Avenue
Nogales, AZ 85621

For Sale|Retail|Active
0
Beds
0
Full Baths
0
Partial Baths
37,482
SqFt
$80
/SqFt
1979
Built
County:
Santa Cruz
Call Now: (520) 345-0776
Is this the home for you? We can help make it yours.
(520) 345-0776
441 N Grand Avenue441 N Grand Avenue441 N Grand Avenue441 N Grand Avenue
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Monthly Payment (Est.)

$13,687
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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, Lorigo Construction, ... ...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 
366 Days
Bedrooms 
N/A
Inside Area (SqFt) 
37,482 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
2.06 Acres
Year Built 
1979
MLS® Number 
22327313
Status 
Active
Property Tax 
$20,448.46
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS®
a year agoListing first seen on site
General Features
Acres 
2.06
Parking Spaces 
90
Property Sub Type 
Retail
Security 
Security System
SqFt Total 
37482
Utilities 
Natural Gas AvailableSewer Connected
Water Source 
Public
Interior Features
Appliances 
Electric Water Heater
Cooling 
Central Air
Window Features 
Skylight(s)
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Exterior Features
Fencing 
Wrought Iron
Roof 
Built-Up
Windows/Doors 
Skylight(s)
Community Features
MLS Area 
SCC-Nogales East
Listing courtesy of Realty Executives Arizona Territory



The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of the Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in Listings provided by brokerages other than Scarbrough Realty are identified with the MLSSAZ IDX Logo. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.

Data last incremented at 2024-10-29 05:00 PM MST
Neighborhood & Commute
Source: Walkscore
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