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441 N GRAND AVE NOGALES, AZ 85621
- Commercial / Resale (MLS)
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Property Details for 441 N GRAND AVE, NOGALES, AZ 85621
Features
- Price/sqft: $108
- Lot Size: 1.27 acres
- Total Units: 1
- Total Rooms: 9
- Stories: 100
- Heating: Yes
- Construction Type: Masonry
- Exterior Walls: Concrete Block
Facts
- Year Built: 01/01/1977
- Property ID: 895082822
- MLS Number: 6651046
- Parcel Number: 101-50-042
- Property Type: Commercial
- County: Santa Cruz
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. 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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All information provided is deemed reliable, but is not guaranteed and should be independently verified.