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Downtown Commercial Block Opportunity
For Sale
$6,000,000
Pending

152 N Terrace Avenue, Nogales, AZ 85621

COMMERCIAL - Nogales, AZ

Property Size24,910 SF
Lot Size1.72 Acres
Days on Market348

Property Features for 152 N Terrace Avenue

General Information

Property type Commercial Sale
Property subtype Other
Zoning Nogales - GC
Parking 165
Security features Security Lighting
Accessibility Accessible Elevator Installed, Accessible Approach with Ramp, Accessible Doors
Lot features Shrubs, Corner Lot, Dividable Lot, East/ West Exposure, North/ South Exposure, Subdivided
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.
Subdivision SCC-Nogales East
Standard status Pending
APN 101-46-016
Size 24,910 SF
Lot size 1.72 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description See listing documents for full breakdown of legal descriptions and parcel numbers included in the sale.
Tax Annual Amount 16941
Legal Description See listing documents for full breakdown of legal descriptions and parcel numbers included in the sale.

Utilities

Heating system Electric (Heating)
Cooling system Evaporative Cooling

Building Details

Year built 1968
Building materials Brick
Roof type Built-Up
Listing Agency: Realty Executives Arizona Territory · Realty Executives International
Listed By: Travis Wright Pottinger
Added: Sep 2, 2025 Changed: Aug 4 Last Checked: Aug 15 at 11:06PM
MLS# 22522768

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.

Investment Insights

Based on property information with market context.

The Larriva Downtown Nogales Commercial Block is a 1.72-acre commercial property made up of 13 contiguous parcels at 152 N Terrace Avenue in Nogales, Arizona. The offering includes an approximately 20,482-square-foot big-box retail building, a four-unit office/apartment complex, approximately 155 paid parking spaces, multiple ATM installations, and a cellular infrastructure tower. The portfolio is presented under zoning described as Nogales – GC.

Positioned in the heart of downtown Nogales, the property is described as a few steps north of the U.S.-Mexico border and the Dennis DeConcini Port of Entry. The block is located at a high-visibility intersection along the city’s historic downtown corridor and is intended to support cross-border activity.

The portfolio includes income-generating components, and the public remarks note established long-term tenants providing consistent rental income. The remaining parcels included within the block contribute to the overall combined commercial offering.

Key Highlights

  • Brick commercial block on +/- 1.716 acres with 13 contiguous parcels in downtown Nogales, AZ
  • Includes a +/- 20,482 SF big‑box retail building plus a four‑unit office/apartment complex
  • Off‑site parking with approximately 155 paid parking spaces

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Pharmacy Big Box & Wholesale Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

542
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85621, AZ

21,730
Population
8,244
Households
2.6
Avg Household Size
38
Median Age
19%
College-Educated
69%
High-School Grad
284.9 sq mi
ZIP Area
76
Density / Sq Mi
$41,309
Median Household Income
$31,270
Median Earnings
$700
Median Rent
$173,600
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Similar Off Market Nearby

  • Nogales Plaza Nogales, AZ 85621

Frequently Asked Questions

What type of property is this?
Shopping center - 13 contiguous parcels on 1.72 acres include a big-box retail building, a four-unit office/apartment complex, parking, ATMs, and a cell tower.
Where is this shopping center located?
The property is located at 152 N Terrace Avenue Nogales, AZ.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Brick commercial block on +/- 1.716 acres with 13 contiguous parcels in downtown Nogales, AZ; Includes a +/- 20,482 SF big‑box retail building plus a four‑unit office/apartment complex; Off‑site parking with approximately 155 paid parking spaces
More about this property
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