Mixed-Use Property Near Mt.
760 E American Avenue, Oracle, AZ 85623
MULTI_FAMILY - Oracle, AZ
Property size:
8,820 SFLot size:
2.03 AcresPrice / SF:
$113/SF- Added:
- Oct 11, 2025
- Days on Market:
- 226
- Last Refresh:
- May 24 at 1:06 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
- Stone, Wood
- Building materials
- Brick, Frame, Metal Siding
- Roof type
- Membrane
- Additional Structures
- Workshop
Listing agent Jonathan Minerick License #0799871 (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
MLS# 22526563
Listing URL
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
- Unique opportunity to own a property with both commercial rental spaces and residential homes.
- 5,600 sq ft commercial building divided into four rentable spaces, offering immediate income potential.
- Two residential homes included: a 2‑bed, 1‑bath (1,500 sq ft) and a 2‑bed, 2‑bath (1,500 sq ft).
- Located at the base of Mt. Lemmon in Oracle, AZ, a prime location in the 'Arizona adventure corridor'.
- Over 25 parking spots available for the commercial building, ensuring convenience for tenants and customers.
- Large 2‑acre property with additional features: three storage buildings, a flat lot with utilities, and a tiered rock garden.
Overview
This 2.03-acre mixed-use property in Oracle, AZ, offers a unique opportunity to blend living and working spaces. The property features a 5,600 sq ft commercial building at 760 E American Ave, divided into four rentable spaces, along with two homes situated above and away from the main building. The commercial building, zoned C3, has over 25 parking spots. Space #1 is a 135 sq ft unit with a shared, locking bathroom. Space #2 is a 1,616 sq ft area with two bathrooms. Space #3 is a 2,920 sq ft space with a locking shared bathroom. Space #4 is a 710 sq ft unit featuring a shared locking bathroom. All four spaces are on a Triple Net Lease (NNN). The homes include a 1,500 +/- sq ft, 2-bed, 1-bath home at 780 E American Ave, and a 1,500 +/- sq ft, 2-bed, 2-bath home at 790 E American Ave. There are also three storage buildings and a 1/4-acre flat lot with existing utilities. The property is located at the base of Mt. Lemmon, in the heart of the Arizona adventure corridor.
Financial Insights
Value Estimation Calculated for Retail
Conservative
$962.1K
NOI $86,590 @ 9.00% cap · cautious / downside scenario
Moderate
$1.24M
NOI $86,590 @ 7.00% cap · market / base-case scenario
Aggressive
$1.73M
NOI $86,590 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Retail
| 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 |
8,820 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Retail
$1.24M
$1.08M – $1.44M
NOI $86,590 @ 7.0% cap · market cap 8.67%
Second Best
Apartment 5plus
$991.3K
$867.4K – $1.16M
NOI $69,392 @ 7.0% cap · market cap 6.95%
Theoretical Best
Office A
$2.44M
$2.13M – $2.84M
NOI $170,687 @ 7.0% cap · market cap 17.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Oracle Adventure Rentals
Travel Agency
Location Insight
- Map
- Local Demand
- City
- Oracle
- County
- Pinal
- State
- Arizona
- Longitude
- -110.76557
- Latitude
- 32.610671
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two homes and a commercial building with four rentable spaces.
Where is this mixed-use property located?
The property is located at 760 E American Avenue Oracle, AZ.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Unique opportunity to own a property with both commercial rental spaces and residential homes.; **5,600 sq ft commercial building divided into four rentable spaces, offering immediate income potential.**; Two residential homes included: a 2‑bed, 1‑bath (1,500 sq ft) and a 2‑bed, 2‑bath (1,500 sq ft).
