152 N Terrace Avenue, Nogales, AZ 85621

$6,000,000
Property Type: Commercial Square Footage: 24,910 Lot Size (sq. ft.): 80 Status: Active
Current Price: $6,000,000 List Date: 9/02/2025 Last Modified: 9/03/2025

Overview

Description

Presenting the Larriva Downtown Nogales Commercial Block- an exceptional opportunity to acquire a prime +/- 1.716-acre commercial property encompassing 13 contiguous parcels. Ideally situated in the heart of downtown Nogales, Arizona - just a few steps north of the U.S.-Mexico border/Dennis DeConcini Port of Entry- this portfolio represents a rare and highly sought-after acquisition. The offering includes a diverse mix of income-generating assets including a +/- 20,482 square foot big-box retail building, approximately 155 paid parking spaces, a four-unit office/apartment complex, multiple ATM installations, and a cellular infrastructure tower. Positioned at a high-visibility intersection within the city's historic downtown corridor, the property benefits from strong border proximity,

Supplements: supporting trade, logistics, and cross-border commerce. Anchored by established long-term tenants with consistent rental income, the block also presents compelling upside potential through redevelopment or re-tenanting of underutilized parcels. With both immediate cash flow and long-term value appreciation, this investment offers a unique opportun ...

Listing Details MLS# 22522768

Address Information

Street #
152
Direction
N
Street Name
Terrace
Suffix
Avenue
State/Province
AZ
Zip Code
85621
County
Santa Cruz
Country
USA

Location, Tax & Legal

Tax Code
101-46-016
Area
SCC-Nogales East
Tax Year
2024
Taxes
16940.9
Taxes For
Building & Land
Legal Description
See listing documents for full breakdown of legal descriptions and parcel numbers included in the sale.
Municipality/Zoning
Nogales - GC
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Mixed
Total Parking
165
Multi-Tenant
Yes
Year Built
1968
Lot Dimensions
Irregular
Lot Acres
1.72
Lot Sqft
74749
Lot Size Source
Assessor
Combined SqFt
24910
Source of SqFt
Appraiser
Leasable SqFt
24910
List Price/SqFt
240.87
Lot Size Price/SqFt
80.27

Property Features

Property Features: Conference Room; Interior Steps; Smoke Detector; Storage; Warehouse Construction: Brick Roof: Built-Up - Reflect Space Information: Dock High Warehouse Storage: Dry Main Cooling: Evaporative Cooling Main Heating: Electric Water Heater: Natural Gas Gas: Natural Sewer: Connected Accessibility Option: Accessible Elevator Installed; Ramped Main Level; Wide Doorways; Wide Hallways Security: Alarm Installed; Closed Circuit Camera(s); Security Lights; Window Bars Fence: None Landscape - Front: Low Care; Shrubs; Trees Landscape - Rear: Low Care; Shrubs; Trees Road Type: Paved Parking: Common; Fee; Free; Private Parking; Public Parking Lot Features: Corner Lot; Dividable Lot; East/West Exposure; North/South Exposure; Subdivided Business Location: Business Park; Commercial Strip; Corner Lot; Free Standing Bldg; Office/Professional; Redevelopment Area Traffic Count: Unknown Terms: Cash; Conventional; Submit Possession: Negotiable Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Property Profile; Seller Prop Disclosure Special Conditions: None Restrictions: Deed

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

More Information

Showing Information

Directions
Head south on I-19. The property will be located on the right-hand side, bordered by W. Crawford Street to the north, I-19/N. Sonoita Avenue to the west, and N. Terrace Avenue to the east.

Income

Gross Scheduled Rent
551992.18
Net Opp Income
522751.94

Analysis

Cap Rate %
8.71
Gross Rent Multi
10.87
Vacancy Rate %
0

Expenses

CAM Fee/Mo
744
Figures Presented
Proforma
Insurance
3535.63
Taxes/Assessments
16770.52

Unit Information

Apartment
Low Rise
Office
Office Condo
Retail
Free Standing Building

Apartment Unit Information

# of Units/2 BR
4
Avg Mo Rent/2 BR
750

Property Features

A.D.A. Compliant
Unknown
Conference Room
Yes
Interior Steps
Yes
Smoke Detector
Yes
Storage
Yes
Warehouse
Yes

Space Information

Door Height
10 ft
# Dock
Yes
Dock High
Yes

Electric

Electric Company
UniSource Energy Ser

Water

Water Company
CIty of Nogales

Parking

Other
Paid Parking
Common
Yes
Fee
Yes
Free
Yes
Private Parking
Yes
Public Parking
Yes

Submit With Offer

Seller Title Company
Pioneer Title Agency
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Gas

Natural
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes

Fence

None
Yes

Road Type

Paved
Yes

Warehouse Storage

Dry
Yes

Lot Features

Corner Lot
Yes
Dividable Lot
Yes
East/West Exposure
Yes
North/South Exposure
Yes
Subdivided
Yes

Main Cooling

Evaporative Cooling
Yes

Main Heating

Electric
Yes

Water Heater

Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Accessibility Option

Accessible Elevator Installed
Yes
Ramped Main Level
Yes
Wide Doorways
Yes
Wide Hallways
Yes

Security

Alarm Installed
Yes
Closed Circuit Camera(s)
Yes
Security Lights
Yes
Window Bars
Yes

Landscape - Front

Low Care
Yes
Shrubs
Yes
Trees
Yes

Landscape - Rear

Low Care
Yes
Shrubs
Yes
Trees
Yes

Business Location

Business Park
Yes
Commercial Strip
Yes
Corner Lot
Yes
Free Standing Bldg
Yes
Office/Professional
Yes
Redevelopment Area
Yes

Freeway/Highway

Up to 1 Mile
Yes

Traffic Count

Unknown
Yes

Possession

Negotiable
Yes

Restrictions

Deed
Yes

Property Disclosures

Property Profile
Yes
Seller Prop Disclosure
Yes

Special Conditions

None
Yes
Listing Office: Realty Executives Arizona Territory
IDX
Last Updated: September - 03 - 2025
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.