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    FOR SALE
    Retail space

    185 N Grand Ave, Nogales, AZ 85621

    7,460 SF 0.08 ac lot Built 2010
    Entity Owned 17-yr Hold Free & Clear
    Property ID
    US07-0833405
    Property summary
    AI-generated overview

    This exceptional 7,460 square foot retail property, situated at 185 N Grand Avenue in Nogales, Arizona, presents a unique investment opportunity. Built in 1910, this landmark building boasts a rich history and prime location just steps from the US-Mexico border, benefiting from the high daily foot traffic of shoppers, diners, and visitors exploring the vibrant downtown area. The property sits on a 0.08-acre lot and offers three ground-floor commercial spaces ideal for a variety of businesses. The substantial second floor comprises numerous rooms, perfectly suited for conversion into office spaces, providing significant versatility and potential for expansion. The building's historical character combined with its strategic location in a bustling commercial district makes it an attractive proposition for investors seeking a high-return property with significant redevelopment potential. The asking price for this remarkable piece of Nogales history is $300,000. This presents a rare chance to acquire a significant piece of Nogales' commercial landscape and capitalize on the consistent flow of pedestrian traffic in this thriving border town. The property's size and layout offer considerable flexibility for a range of business ventures, making it an ideal investment for both established businesses and ambitious entrepreneurs. Don't miss this opportunity to own a piece of Nogales' heritage and secure a prominent position in its dynamic commercial heart.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 2010
    Construction CONCRETE
    Total area 7,460 SF
    Lot 0.08 ac (3,640 SF)
    APN 101-50-032
    UPID US07-0833405
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Nevenerdys Gifts and Antiques Home Decor Store (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Noon Building LLC · 17 yrs held
    Noon Building LLC
    since 2009
    2 recorded transactions
    2009
    2007
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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