209 Arroyo BlvdNogales, AZ 85621

Property Details for 209 Arroyo Blvd

Year built

1953

Construction

CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

7,391 SF

Property type

Retail properties

Property subtype

Retail space

APN

101-43-067A

APU

10143067A

Description

This exceptional 7,391 square foot retail property, situated at 209 N Arroyo Blvd in Nogales, Arizona, presents a compelling investment opportunity. Located on the corner of N. Arroyo Boulevard and Elm Street, this single-story brick building benefits from high visibility and pedestrian traffic. The property includes a well-maintained, paved, and fenced rear parking lot spanning 4,860 square feet, ensuring ample parking for customers and employees. Recent updates include improvements to the large east-facing shop windows, electrical systems, heating and cooling, and the addition of a convenient back entrance and bathroom facilities. The building boasts a spacious, open layout, making it suitable for a wide range of commercial uses. Its central Nogales location, within the general commercial zone, offers easy access to the city's bustling business district. The sewer connection is already in place, simplifying the setup for potential tenants. This versatile property is ideal for a variety of businesses, organizations, or groups seeking a prominent location in a thriving area. The 0.27-acre lot provides ample space for expansion or outdoor activities. The asking price is $899,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,458,052

  6.5%

  $1,345,894

  7%

  $1,249,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,099,253

  Geo Method

  $3,099,253

• Alternative Use

  Use

  Valuation

  Residential

  $1,135,312

  Hospitality

  $1,039,940

  Educational

  $865,218

  Medical

  $894,974

  Retail

  $1,345,894

Location Insight

City

Nogales

County

Santa Cruz

State

Arizona

Latitude

31.3367

Longitude

-110.941

CBSA code

35700

CBSA name

NOGALES, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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