441 Grand AveNogales, AZ 85621

  • Retail properties
  • 3,139 SF
For Sale
$3,000,000 View listing

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
441 Grand Ave, Nogales, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
-
$554,685
$554,685
-
-
$554,685
$554,685

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