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    FOR SALE
    Community centers

    441 N Grand Ave Nogales, AZ 85621

    3,139 SF 1.28 ac lot Built 1979
    Entity Owned 18-yr Hold Free & Clear
    Property ID
    US07-1195285
    441 N Grand Ave, Nogales, AZ 85621 For Sale 1 / 46
    $2,400,000 3,139 SF
    441 N Grand Ave, Nogales, AZ 85621
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    Property summary
    AI-generated overview

    This exceptional investment opportunity presents the chance to acquire the highly sought-after El Alamo Plaza, a thriving commercial center situated on a substantial 2.06-acre lot in the vibrant heart of downtown Nogales, Arizona. Strategically located approximately 0.45 miles north of the US-Mexico border, this property enjoys exceptional visibility and accessibility. The plaza is easily reached via N. Grand Avenue (heading south towards Mexico) or N. Arroyo Blvd (heading north from Mexico), ensuring convenient access for both local and cross-border traffic. The expansive 37,482 square foot complex houses a diverse portfolio of 21 income-producing units, comprising 16 retail spaces, one large-format retail unit, three office spaces, and a single, independent retail hub. A strong tenant roster includes established businesses such as O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, and Lorigo Construction, providing a stable and diversified income stream. This property represents a rare opportunity to own a significant commercial asset in a dynamic border town with substantial growth potential. The substantial lot size also offers potential for future expansion or redevelopment. The asking price for this exceptional property is $3,000,000.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1979
    Construction CONCRETE
    Total area 3,139 SF
    Lot 1.28 ac (55,935 SF)
    APN 101-50-044A
    UPID US07-1195285
    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
    • Buffalo Outlet Nogales Clothing & Fashion Store
    • Geo's Nails and More LLC Nail Salon
    • AMIGO'S, GUIDES & OUTFITTERS Hunting Club
    • Desert Trophy Outfitters Hunting Club
    • Camou Brothers Outfitters Hunting Club
    5 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Larriva Props LLC · 18 yrs held
    Larriva Props LLC
    since 2008
    1 recorded transaction
    2008
    $2.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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