441 Grand AveNogales, AZ 85621

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $521,522

  6.5%

  $481,405

  7%

  $447,019

• Comparable approach

  Method

  Valuation

  Relative Method

  $543,223

  Geo Method

  $543,223

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $982,726

  Mixed-Use / Specialty

  $461,934

  Hospitality / Lodging

  $315,790

  Office

  $440,696

  Institutional / Educational

  $473,879

  Residential Income

  $554,439

  Multifamily

  $763,396

  Automotive / Energy

  $406,182

  Parking / Income-Based Land

  $157,710

  Restaurant / Food Service

  $202,362

  Healthcare / Senior Housing

  $491,912

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

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