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    1128 Circulo Mercado Nogales, AZ 85648

    For Sale
    $980,000

    7,530 SF Event Center, Prime Location

    Property size:
    7,530 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 7,530-square-foot commercial property in Rio Rico, Arizona, presents a unique investment opportunity. Located at 1128 Circulo Mercado, this well-maintained event center boasts 20+ foot ceilings, full insulation, and a comprehensive sprinkler system. The property is ADA compliant and features low-maintenance landscaping and 21 on-site parking spaces. Its versatile design makes it ideal for a variety of uses, including its current function as an event center for seminars, weddings, and other gatherings. Alternatively, its adaptable space could easily be converted into a bank, gym, pharmacy, daycare, restaurant, liquor store, clinic, repair shop, dispensary, or other commercial enterprise. Situated on a 0.56-acre lot, the property enjoys a highly visible location along the Rio Rico commercial strip, close to restaurants, a supermarket, bars, a post office, and other local businesses. Its proximity to Interstate 19 (one mile away) ensures excellent accessibility. The asking price for this remarkable property is $980,000. Join the thriving economic growth of Santa Cruz County and seize this exceptional opportunity. The property's zip code is 85648. Directions: Take Exit 17, proceed to Rio Rico West Frontage Road, turn right onto Circulo Mercado; the property is on the left.

    Property Features for 1128 Circulo Mercado

    General Information

    Property type
    Land
    Square Feet
    7,530 SF
    Lot Size
    24,394 SF

    HighLights

    • $980,000 asking price.
    • 7,530 square foot special purpose building on a 0.56‑acre lot in Rio Rico, AZ.
    • Located on the Rio Rico commercial strip, one mile from I‑19.
    • Features 21 parking spaces, 20+ foot ceilings, full insulation, sprinkler system, and ADA compliance.
    • Currently used as an event center, suitable for various commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Nogales
    County
    Santa Cruz
    State
    Arizona
    Longitude
    -111.0000543
    Latitude
    31.471893

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    FAQs

    What type of property is this?
    Land - 7,530 SF Event Center, Prime Location
    Where is this land located?
    The property is located at 1128 Circulo Mercado Nogales, AZ.
    What is the asking price?
    The asking price for this property is $980,000.
    What are key features of this property?
    This property features: $980,000 asking price.; 7,530 square foot special purpose building on a 0.56-acre lot in Rio Rico, AZ.; Located on the Rio Rico commercial strip, one mile from I-19.
    Request Owner's contact information
    1128 Circulo Mercado Nogales, AZ 85648
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    Nogales, AZ 85648
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1128 Circulo Mercado Nogales, AZ 85648
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