441 N Grand Avenue, Nogales, AZ 85621
$2,400,000
Property Type:
Commercial
Square Footage:
37,482
Lot Size (sq. ft.):
26
Status:
Active
Current Price:
$2,400,000
List Date:
9/24/2025
Last Modified:
9/26/2025
Description
Phenomenal investment opportunity to own the coveted El Alamo Plaza, a well-established retail and office commercial center located on a huge 2.06-acre lot in the heart of downtown Nogales! Located approximately 0.45 of a mile north of the international border, the plaza can be accessed by heading south on N. Grand Avenue (on way to Mexico) or by heading north on N. Arroyo Blvd (as leave Mexico). The property comprises 21 income producing units spread out over 37,482 square feet boasting 16 retail spaces, one big box retail, three office spaces, and one stand-alone hub. Established tenants include O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, Mining Supplies,
Supplements: ...Nueva Cosecha Ministries, Larriva Corporation, Smoke Emporium, Water Mill Express, Fresk-Ka, and Geo's Nails, among others. O'Reilly Auto Parts lease is good through March 31st, 2029, with a four five-year option in place at a 5% increase and has exercised the lease through March of 2049. There is no landlord responsibility under agreement with O'Reilly Auto Parts! Additionally, O'Reilly Auto Parts covers 40% of the annual property taxes and 40% of the plaza's utilities! Buffalo Exchange is under a lease agreement through January 31st, 2031. Water Mill Express is a stand-alone hub under a lease agreement through October 31st, 2026. All occupied remaining units on month-to-month lease agreements. Rents are below market and have room to be increased!
More Information MLS# 22327313
Address Information
Country: USA
Street #: 441
Direction: N
Street Name: Grand
Suffix: Avenue
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Location, Tax & Legal
Tax Year: 2024
Taxes: 22645.72
Assessments: 0
Taxes For: Building & Land
Legal Description: Sub City of Nogales Lot 15 Blk 28 AND Sub City of Nogales Portion of Lot 13 And 14 Blk 28 Aka El Alamo
Development Name: El Alamo Plaza
Municipality/Zoning: Nogales - GC
Fire Protection: Included in Taxes
FEMA Flood Zone: TBD
Municipal Flood Zone: TBD
Tax Code: 101-50-044A
Area: SCC-Nogales East
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $2,400,000
List Price: $2,400,000
Listing Date: 2023-12-22
Status: Active
Showing Information
Directions: Start 1-19 & N. Grand Avenue, head South on N. Grand Avenue to address on left hand side.
General Property Information
Property Sub-Type: Retail
Construction Status: Existing
# Units: 21
Lot Dimensions: Irregular
Lot Acres: 2.06
Total Parking: 90
Lot Sqft: 89734
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 37310
List Price/SqFt: 64.03
Lot Size Price/SqFt: 26.75
Year Built: 1979
Combined SqFt: 37482
Electric
Electric Company: Unisource
Income
Other Income: 27792.75
Adjusted Gross: 257251.36
Gross Scheduled Rent: 229458.61
Net Opp Income: 202884.82
Gas
Natural: 1
Analysis
Vacancy Rate %: 9.52
Cap Rate %: 8.45
Construction
Slump Block: 1
Expenses
Figures Presented: Proforma
Gas/Electric: 862.11
Insurance: 17158.5
Taxes/Assessments: 23127.56
Water/Sewer: 13183.27
Other Expenses: 35
Sewer
Connected: 1
Unit Information
Office: Office Building
Retail: Strip Center
Roof
Built-Up - Reflect: 1
Water
Public: 1
Property Features
Conference Room: 1
Skylight: 1
Smoke Detector: 1
Storage: 1
Wet Bar: 1
Fence
Split Rail: 1
Wrought Iron: 1
Road Type
Paved: 1
Lot Features
East/West Exposure: 1
Subdivided: 1
Main Cooling
Ceiling Fan(s): 1
Central Air: 1
Main Heating
Forced Air: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Owner Carry: 1
Submit: 1
Submit With Offer
Digital Signature Accepted: 1
Loan Pre-Qualifiaction: 1
Proof of Funds: 1
Seller Title Company: Lawyers Title
Accessibility Option
Entry: 1
Level: 1
Wide Doorways: 1
Security
Alarm Installed: 1
Security Lights: 1
Landscape - Front
Graded: 1
Low Care: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Graded: 1
Low Care: 1
Shrubs: 1
Trees: 1
Parking
Common: 1
Free: 1
Parking Lights: 1
Paved Parking: 1
Public Parking: 1
Business Location
Commercial Strip: 1
Free Standing Bldg: 1
Office/Professional: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Unknown: 1
Possession
Immediate: 1
Negotiable: 1
Recording: 1
Restrictions
Deed: 1
Property Disclosures
Lead Based Paint: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 31.339819
Geo Lon: -110.93878
Property Features
Property Features: Conference Room; Skylight; Smoke Detector; Storage; Wet Bar
Construction: Slump Block
Roof: Built-Up - Reflect
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Forced Air
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Entry; Level; Wide Doorways
Security: Alarm Installed; Security Lights
Fence: Split Rail; Wrought Iron
Landscape - Front: Graded; Low Care; Shrubs; Trees
Landscape - Rear: Graded; Low Care; Shrubs; Trees
Road Type: Paved
Parking: Common; Free; Parking Lights; Paved Parking; Public Parking
Lot Features: East/West Exposure; Subdivided
Business Location: Commercial Strip; Free Standing Bldg; Office/Professional
Traffic Count: Unknown
Terms: Cash; Conventional; Owner Carry; Submit
Possession: Immediate; Negotiable; Recording
Submit With Offer: Digital Signature Accepted; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None
Restrictions: Deed
Documents
Lead Paint Discl ›
Listing Office:
Realty Executives Arizona Territory
Last Updated: September - 26 - 2025
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