760 E American Avenue, Oracle, AZ 85623
MULTI_FAMILY - Oracle, AZ
- Added:
- Oct 11, 2025
- Days on Market:
- 260
- Last Refresh:
- Jun 27 at 4:06 pm
Property Features for 760 E American Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Pinal County - CR3
- Parking
- 30
- Exterior features
- Courtyard
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 308-03-0520
- Size
- 8,820 SF
- Lot size
- 2.03 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- Oracle Townsite Amended: Lots 16 Thru 22 Blk 21 & E-40' Of Monroe St Adj Nely 75' Of Lots 24 Thru 31 Blk 22 & All Of Lo
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating)
- Water source
- Public
Building Details
- Year built
- 1956
- Number of units
- 3
- Flooring type
- Wood, Stone
- Building materials
- Brick, Frame, Metal Siding
- Roof type
- Membrane
- Additional Structures
- Workshop
Listing agent Jonathan Minerick License #B-24350 (888) 400-2513
Listing office HomeCoin.com 600 B Street #300 WeWork c/o HomeCoin.com, San Diego, AZ (888) 400-2513
Listing date Oct 11, 2025
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2‑acre property with a 5,600 sq ft commercial building divided into four rentable spaces
- C3 zoned commercial retail/flex use with four on‑site rental spaces on a Triple Net Lease (NNN)
- Commercial spaces include a 135 sq ft unit, 1,616 sq ft unit (2 bathrooms), 2,920 sq ft unit, and 710 sq ft unit
- On‑site parking for over 30 vehicles, plus three storage buildings and a 1/4‑acre flat lot with existing utilities
- Two updated 2‑bedroom homes: one 1,500+/- sq ft (1 bath) and one 1,500+/- sq ft (2 baths)
- New commercial roof installed in 2026; public water and septic tank sewer (electric heating, membrane roof)
Overview
The site provides parking to support both tenants and customers, with the remarks citing more than 25 parking spots (and later noting over 30). The commercial portion is presented as a triple net lease (NNN) arrangement, with tenant requirements including references, proof of business, and business liability insurance.
For tenants, the four-suites configuration can support a mix of small business and service-oriented uses, including personal services and wellness or education concepts, based on the unit sizes and bathroom access described. Suite options range from a compact unit with shared locking bathroom to larger footprints with multiple bathrooms, with NNN terms intended to provide cost clarity while tenants focus on day-to-day operations. For buyers, the live/work combination and multiple rentable components offer a practical way to operate from one property while maintaining separate residential units away from the main building.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.3k | $15.00 |
| − Vacancy | −$8.6k | −$0.98 |
| EGI | $123.7k | $14.03 |
| − OpEx | −$37.1k | −$4.21 |
| NOI | $86.6k | $9.82 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Oracle
- County
- Pinal
- State
- Arizona
- Longitude
- -110.76557
- Latitude
- 32.610671
