441 N Grand Avenue, Nogales, AZ 85621 (MLS# 22327313)

441 N Grand Avenue, Nogales, AZ 85621

$2,400,000

1-web-or-mls-441 N Grand Ave, Nogales (1

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: 1/23/2026

Overview

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 ... (Read more)

Listing Details MLS# 22327313

Address Information

Street #: 441
Direction: N
Street Name: Grand
Suffix: Avenue
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Country: USA

Location, Tax & Legal

Tax Code: 101-50-044A
Area: SCC-Nogales East
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

General Property Information

Property Sub-Type: Retail
Construction Status: Existing
# Units: 21
Total Parking: 90
Multi-Tenant: Yes
Year Built: 1979
Lot Dimensions: Irregular
Lot Acres: 2.06
Lot Sqft: 89734
Lot Size Source: Assessor
Combined SqFt: 37482
Source of SqFt: Assessor
Leasable SqFt: 37310
List Price/SqFt: 64.03
Lot Size Price/SqFt: 26.75

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

Contract Information

Method of Title: Fee (Simple)
Short Sale: No

More Information

Showing Information

Directions: Start 1-19 & N. Grand Avenue, head South on N. Grand Avenue to address on left hand side.

Income

Gross Scheduled Rent: 229458.61
Other Income: 27792.75
Adjusted Gross: 257251.36
Net Opp Income: 202884.82

Analysis

Cap Rate %: 8.45
Vacancy Rate %: 9.52

Expenses

Figures Presented: Proforma
Gas/Electric: 862.11
Insurance: 17158.5
Taxes/Assessments: 23127.56
Water/Sewer: 13183.27
Other Expenses: 35

Unit Information

Office: Office Building
Retail: Strip Center

Electric

Electric Company: Unisource

Submit With Offer

Seller Title Company: Lawyers Title
Digital Signature Accepted: Yes
Loan Pre-Qualifiaction: Yes
Proof of Funds: Yes

Gas

Natural: Yes

Construction

Slump Block: Yes

Sewer

Connected: Yes

Roof

Built-Up - Reflect: Yes

Water

Public: Yes

Property Features

Conference Room: Yes
Skylight: Yes
Smoke Detector: Yes
Storage: Yes
Wet Bar: Yes

Fence

Split Rail: Yes
Wrought Iron: Yes

Road Type

Paved: Yes

Lot Features

East/West Exposure: Yes
Subdivided: Yes

Main Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Main Heating

Forced Air: Yes

Water Heater

Electric: Yes

Terms

Cash: Yes
Conventional: Yes
Owner Carry: Yes
Submit: Yes

Accessibility Option

Entry: Yes
Level: Yes
Wide Doorways: Yes

Security

Alarm Installed: Yes
Security Lights: Yes

Landscape - Front

Graded: Yes
Low Care: Yes
Shrubs: Yes
Trees: Yes

Landscape - Rear

Graded: Yes
Low Care: Yes
Shrubs: Yes
Trees: Yes

Parking

Common: Yes
Free: Yes
Parking Lights: Yes
Paved Parking: Yes
Public Parking: Yes

Business Location

Commercial Strip: Yes
Free Standing Bldg: Yes
Office/Professional: Yes

Freeway/Highway

Up to 1 Mile: Yes

Traffic Count

Unknown: Yes

Possession

Immediate: Yes
Negotiable: Yes
Recording: Yes

Restrictions

Deed: Yes

Property Disclosures

Lead Based Paint: Yes

Special Conditions

None: Yes

Documents

Lead Paint Discl ›

Listing Office: Realty Executives Arizona Territory

Last Updated: January - 23 - 2026

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.