620 E American Ave Oracle, AZ 85623
For Sale
This exceptional commercial property located at 620 E American Avenue in the thriving town of Oracle, Arizona, presents a compelling investment opportunity. The 3,060 square foot building sits on a 0.77-acre lot and boasts five individual units, each with its own utilities. Unit A, a spacious 1,200 square feet, is currently leased to a local gym. Unit B and Unit C each offer 600 square feet of usable space. Unit D, measuring 300 square feet, is under a one-year lease, while Unit E, also 300 square feet, has a six-month lease in place. Three units are currently vacant, providing immediate potential for increased revenue. The property features a newer roof, evaporative cooling, and baseboard heating systems. Ample parking is available with 20 spaces. While some updates are needed in the vacant units, the utilities will be turned on for prospective buyers' inspections. The property benefits from excellent main road visibility. Please note that an extended closing escrow period may be required. This property offers a unique chance to capitalize on the growth of Oracle, Arizona. Don't miss this chance to acquire a multi-unit commercial building with significant upside potential.
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Frank C Martinez Agency Farmers Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.