115 Grand AveNogales, AZ 85621

Property Details for 115 Grand Ave

Year built

1963

Construction

CONCRETE

Lot size

0.25 AC

Property size (Sq ft)

5,178 SF

Property type

Banks

APN

101-43-075

APU

10143075

Description

This exceptional retail property, located at 115 N Grand Ave in Nogales, Arizona, presents a unique investment opportunity. Boasting a highly desirable downtown location, this commercial space offers unparalleled visibility and accessibility. Situated on a 0.25-acre lot, the property features a generous square footage ranging from 2,500 to 5,178 square feet, providing ample space for a variety of retail ventures. Built in 1963, the building is zoned for General Commercial use, allowing for diverse business applications. Its strategic position just steps from the Deconcini Port of Entry ensures high vehicle and pedestrian traffic, maximizing exposure to a large customer base. The property also benefits from drive-thru capability, adding further convenience and appeal. The asking price is $1,025,000, and the APN is 101-43-075. This is an ideal location for businesses seeking high visibility and significant foot traffic in a bustling border town. Don't miss this chance to own a piece of Nogales' vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $1,021,485

  6.5%

  $942,909

  7%

  $875,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,171,280

  Geo Method

  $2,171,280

• Alternative Use

  Use

  Valuation

  Residential

  $795,379

  Hospitality

  $728,563

  Educational

  $606,156

  Medical

  $627,002

  Retail

  $942,909

Location Insight

City

Nogales

County

Santa Cruz

State

Arizona

Latitude

31.335

Longitude

-110.942

CBSA code

35700

CBSA name

NOGALES, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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