28 Patagonia Hwy Nogales, AZ 85621
This exceptional 28-acre property, located at 28 E Patagonia Highway in Nogales, Arizona (zip code 85621), presents a unique investment and development opportunity. Zoned SFR-12 (Single Family Residential, 12,000 sq ft minimum lot size), this infill site is ideally suited for single-family residential construction. The land is priced at $360,000, representing a compelling value considering a 2007 appraisal valued the land at over $1 million. Significant infrastructure improvements have already been made, with over $200,000 invested in civil engineering. All utilities are available, and the property boasts convenient paved access via Highway 82, offering excellent visibility and accessibility. Its strategic location near downtown Nogales and its proximity to established residential neighborhoods further enhances its appeal. The property's APN is 103-12-042A. The seller is open to considering all offers and proposals. This presents a rare chance to acquire a substantial parcel of land in a growing area, benefiting from Nogales's position as a major port of entry with significant international trade activity. Additional land is available next door from the same seller.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.