441 Grand AveNogales, AZ 85621
- Retail properties
- 3,139 SF
Property Details for 441 Grand Ave
- Year built
- 1979
- Construction
- CONCRETE
- Lot size
- 1.28 AC
- Property size (Sq ft)
- 3,139 SF
- Property type
- Retail properties
- Property subtype
- Community centers
- APN
- 101-50-044A
- APU
- 10150044A
Description
This exceptional investment opportunity presents the chance to acquire the highly sought-after El Alamo Plaza, a thriving commercial center situated on a substantial 2.06-acre lot in the vibrant heart of downtown Nogales, Arizona. Strategically located approximately 0.45 miles north of the US-Mexico border, this property enjoys exceptional visibility and accessibility. The plaza is easily reached via N. Grand Avenue (heading south towards Mexico) or N. Arroyo Blvd (heading north from Mexico), ensuring convenient access for both local and cross-border traffic. The expansive 37,482 square foot complex houses a diverse portfolio of 21 income-producing units, comprising 16 retail spaces, one large-format retail unit, three office spaces, and a single, independent retail hub. A strong tenant roster includes established businesses such as O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, and Lorigo Construction, providing a stable and diversified income stream. This property represents a rare opportunity to own a significant commercial asset in a dynamic border town with substantial growth potential. The substantial lot size also offers potential for future expansion or redevelopment. The asking price for this exceptional property is $3,000,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $619,243
- 6.5%
- $571,609
- 7%
- $530,780
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,316,271
- Geo Method
- $1,316,271
-
Alternative Use
- Use
- Valuation
- Residential
- $482,174
- Hospitality
- $441,668
- Educational
- $367,463
- Medical
- $380,101
- Retail
- $571,609
Location Insight
- City
- Nogales
- County
- Santa Cruz
- State
- Arizona
- Latitude
- 31.3397
- Longitude
- -110.939
- CBSA code
- 35700
- CBSA name
- NOGALES, AZ MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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