$2,400,000
Nogales, AZ 85621
MLS# 22327313
37482 sqft
1 / 46
Property Description
Phenomenal investment opportunity to own the coveted El Alamo Plaza, a well-established retail and office commercial center located on a huge 2.06-acre lot in the heart of downtown Nogales! Located approximately 0.45 of a mile north of the international border, the plaza can be accessed by heading south on N. Grand Avenue (on way to Mexico) or by heading north on N. Arroyo Blvd (as leave Mexico). The property comprises 21 income producing units spread out over 37,482 square feet boasting 16 retail spaces, one big box retail, three office spaces, and one stand-alone hub. Established tenants include O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, Mining Supplies,
Details
Maps
Documents
Address Information
Street #: 441
Direction: N
Street Name: Grand
Suffix: Avenue
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Country: USA
Location Tax Legal
Tax Code: 101-50-044A
Area: SCC-Nogales East
Contract Information
Current Price: $2,400,000
List Price: $2,400,000
Listing Date: 2023-12-22
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
Showing Information
Directions: Start 1-19 & N. Grand Avenue, head South on N. Grand Avenue to address on left hand side.
General Property Information
Property Sub-Type: Retail
Construction Status: Existing
# Units: 21
Total Parking: 90
Multi-Tenant: Yes
Year Built: 1979
Lot Dimensions: Irregular
Lot Acres: 2.06
Lot Sqft: 89734
Lot Size Source: Assessor
Combined SqFt: 37482
Source of SqFt: Assessor
Leasable SqFt: 37310
List Price/SqFt: 64.03
Lot Size Price/SqFt: 26.75
Remarks Misc
Geo Lat: 31.339819
Geo Lon: -110.93878
Income
Gross Scheduled Rent: 229458.61
Other Income: 27792.75
Adjusted Gross: 257251.36
Net Opp Income: 202884.82
Analysis
Cap Rate %: 8.45
Vacancy Rate %: 9.52
Expenses
Figures Presented: Proforma
Gas/Electric: 862.11
Insurance: 17158.5
Taxes/Assessments: 23127.56
Water/Sewer: 13183.27
Other Expenses: 35
Unit Information
Office: Office Building
Retail: Strip Center
Electric
Electric Company: Unisource
Submit With Offer
Seller Title Company: Lawyers Title
Property Features
Property Features: Conference Room; Skylight; Smoke Detector; Storage; Wet Bar
Construction: Slump Block
Roof: Built-Up - Reflect
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Forced Air
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Entry; Level; Wide Doorways
Security: Alarm Installed; Security Lights
Fence: Split Rail; Wrought Iron
Landscape - Front: Graded; Low Care; Shrubs; Trees
Landscape - Rear: Graded; Low Care; Shrubs; Trees
Road Type: Paved
Parking: Common; Free; Parking Lights; Paved Parking; Public Parking
Lot Features: East/West Exposure; Subdivided
Business Location: Commercial Strip; Free Standing Bldg; Office/Professional
Traffic Count: Unknown
Terms: Cash; Conventional; Owner Carry; Submit
Possession: Immediate; Negotiable; Recording
Submit With Offer: Digital Signature Accepted; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None
Restrictions: Deed
Supplements
...Nueva Cosecha Ministries, Larriva Corporation, Smoke Emporium, Water Mill Express, Fresk-Ka, and Geo's Nails, among others. O'Reilly Auto Parts lease is good through March 31st, 2029, with a four five-year option in place at a 5% increase and has exercised the lease through March of 2049. There is no landlord responsibility under agreement with O'Reilly Auto Parts! Additionally, O'Reilly Auto Parts covers 40% of the annual property taxes and 40% of the plaza's utilities! Buffalo Exchange is under a lease agreement through January 31st, 2031. Water Mill Express is a stand-alone hub under a lease agreement through October 31st, 2026. All occupied remaining units on month-to-month lease agreements. Rents are below market and have room to be increased!
Lead Paint Discl 
Listing Office: Realty Executives Arizona Territory
Last Updated: September - 26 - 2025
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