884 Grand Ave Nogales, AZ 85621-2281
- Motels
- 6,332 SF
- 2.96 lot acres
Current Use by Public Records
- El Dorado Inn Suites,Restaurant and Bar / Inn / Extended Stay Hotel
- f'n'f Photography / Photography Studio
Property Details for 884 Grand Ave
- Year built
- 1962
- Construction
- CONCRETE
- Lot size
- 2.96 lot acres
- Property size
- 6,332 SF
- Property type
- Motels
- APN
- 101-30-016
- APU
- 10130016
Description
This exceptional investment opportunity encompasses a substantial 54,674 square foot property situated on a 2.96-acre lot in Nogales, Arizona's vibrant Grand Avenue corridor. The property features a 103-room hotel boasting a grand entry, spacious lobby, fully equipped commercial kitchen, restaurant, bar, banquet facility, billiards room, and dedicated business area. Adding to its versatility, five separate one-bedroom apartments, each exceeding 500 square feet, offer complete kitchens, bathrooms, and private balconies, providing additional income streams. Three street-facing commercial retail/office spaces along Grand Avenue present further leasing potential. A significant advantage is the inclusion of a separate 50' x 60' utility building, equipped with a four-car garage, commercial laundry facilities, and ample storage. The property also includes over 100 paved parking spaces for hotel guests, supplemented by an additional fully paved acre or more designated for commercial truck parking, event parking, or future development. This location benefits from its proximity to the major border entry and tourism zone, making it an ideal investment for diverse income generation and future expansion. The asking price is $7,500,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Nogales
- County
- Santa Cruz
- State
- Arizona
- Longitude
- -110.929
- Latitude
- 31.3476
- CBSA code
- 35700
- CBSA name
- NOGALES, AZ MICROPOLITAN STATISTICAL AREA
