Established Retail and Office Center

441 N Grand Avenue, Nogales, AZ 85621

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For Sale

$2,400,000

Retail and office commercial center on 2.06 acres.

Type:General Commercial

Property size:

37,482 SF

Lot size:

2.06 Acres

Price / SF:

$64/SF

HighLights

Prime location: In the heart of downtown Nogales, approximately 0.45 miles north of the international border.
Strong anchor tenant: O'Reilly Auto Parts lease extends to March 2049, with no landlord responsibilities and covers 40% of property taxes and utilities.
Diverse tenant mix: Includes established businesses like Buffalo Exchange, PostNet, and others, providing a stable income stream.
Significant upside potential: Rents are below market, offering opportunities for increased revenue.
Large lot size: Situated on a substantial 2.06‑acre lot with ample parking (90 spaces).
High occupancy: 21 income‑producing units including retail, office, and a stand‑alone hub.

We can help!

Listing Contact

Travis Pottinger

For Sale

$2,400,000

Retail and office commercial center on 2.06 acres.

Type:General Commercial

Property size:

37,482 SF

Lot size:

2.06 Acres

Price / SF:

$64/SF

Added:: Dec 21, 2023
Days on Market:: 905
Last Refresh:: May 12 at 8:58 pm

Property Features for 441 N Grand Avenue

General Information

Standard status: Active
Size: 37,482 SF
Lot size: 2.06 Acres
Property subtype: General Commercial

Building Details

Year Built: 1979

We can help!

Listing Contact

Travis Pottinger

Listing agent Travis Pottinger

Listing office Realty Executives Arizona Territory

Listing date Dec 21, 2023

Source Xome

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All listing content including descriptions, pricing, images are the copyrighted material of Realty Executives Arizona Territory

HighLights

Prime location: In the heart of downtown Nogales, approximately 0.45 miles north of the international border.
Strong anchor tenant: O'Reilly Auto Parts lease extends to March 2049, with no landlord responsibilities and covers 40% of property taxes and utilities.
Diverse tenant mix: Includes established businesses like Buffalo Exchange, PostNet, and others, providing a stable income stream.
Significant upside potential: Rents are below market, offering opportunities for increased revenue.
Large lot size: Situated on a substantial 2.06‑acre lot with ample parking (90 spaces).
High occupancy: 21 income‑producing units including retail, office, and a stand‑alone hub.

Overview

El Alamo Plaza is a retail and office commercial center situated on a 2.06-acre lot in downtown Nogales, approximately 0.45 miles north of the international border. The plaza, accessible from N. Grand Avenue and N. Arroyo Blvd, comprises 21 income-producing units totaling 37,482 square feet. The property features 16 retail spaces, one big box retail space, three office spaces, and one stand-alone hub. Current 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, Nueva Cosecha Ministries, Larriva Corporation, Smoke Emporium, Water Mill Express, Fresk-Ka, and Geo's Nails. O'Reilly Auto Parts' lease extends through March 31, 2029, with options to extend through March of 2049. O'Reilly Auto Parts covers 40% of the annual property taxes and 40% of the plaza's utilities. Buffalo Exchange has a lease agreement through January 31, 2031. Water Mill Express is a stand-alone hub with a lease agreement through October 31, 2026. All other occupied units are on month-to-month lease agreements. Rents are below market value.

Property Profile Location Intelligence

Current Use by Public Records

Buffalo Outlet Nogales Clothing & Fashion Store Geo's Nails and More ... Nail Salon AMIGO'S, GUIDES & OUTFITTERS Hunting Club Desert Trophy Outfitters Hunting Club Camou Brothers Outfitters Hunting Club

Suggested Use

Similar Places Nearby

Nogales Plaza — Nogales, AZ 85621

Location Insight

Map
Local Demand

City: Nogales
County: Santa Cruz
State: Arizona
Longitude: -110.9390274
Latitude: 31.3393359

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For sale
Shopping centers
AZ
Nogales
85621
441 N Grand Avenue

What type of property is this?

Shopping center - Retail and office commercial center on 2.06 acres.

Where is this shopping center located?

The property is located at 441 N Grand Avenue Nogales, AZ.

What is the asking price?

The asking price for this property is $2,400,000.

What are key features of this property?

This property features: Prime location: In the heart of downtown Nogales, approximately 0.45 miles north of the international border.; Strong anchor tenant: O'Reilly Auto Parts lease extends to March 2049, with no landlord responsibilities and covers 40% of property taxes and utilities.; Diverse tenant mix: Includes established businesses like Buffalo Exchange, PostNet, and others, providing a stable income stream.