152 N Terrace Avenue, Nogales, AZ 85621
$6,000,000
Property Type:
Commercial
Square Footage:
24,910
Lot Size (sq. ft.):
80
Status:
Active
Current Price:
$6,000,000
List Date:
9/02/2025
Last Modified:
9/03/2025
Description
Presenting the Larriva Downtown Nogales Commercial Block- an exceptional opportunity to acquire a prime +/- 1.716-acre commercial property encompassing 13 contiguous parcels. Ideally situated in the heart of downtown Nogales, Arizona - just a few steps north of the U.S.-Mexico border/Dennis DeConcini Port of Entry- this portfolio represents a rare and highly sought-after acquisition.
The offering includes a diverse mix of income-generating assets including a +/- 20,482 square foot big-box retail building, approximately 155 paid parking spaces, a four-unit office/apartment complex, multiple ATM installations, and a cellular infrastructure tower. Positioned at a high-visibility intersection within the city's historic downtown corridor, the property benefits from strong border proximity,
Supplements: supporting trade, logistics, and cross-border commerce. Anchored by established long-term tenants with consistent rental income, the block also presents compelling upside potential through redevelopment or re-tenanting of underutilized parcels. With both immediate cash flow and long-term value appreciation, this investment offers a unique opportunity to secure a cornerstone position in one of the region's most critical logistics and border commerce hubs.
More Information MLS# 22522768
Address Information
Country: USA
Street #: 152
Direction: N
Street Name: Terrace
Suffix: Avenue
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Location, Tax & Legal
Tax Year: 2024
Taxes: 16940.9
Taxes For: Building & Land
Legal Description: See listing documents for full breakdown of legal descriptions and parcel numbers included in the sale.
Municipality/Zoning: Nogales - GC
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 101-46-016
Area: SCC-Nogales East
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $6,000,000
List Price: $6,000,000
Listing Date: 2025-09-02
Status: Active
Showing Information
Directions: Head south on I-19. The property will be located on the right-hand side, bordered by W. Crawford Street to the north, I-19/N. Sonoita Avenue to the west, and N. Terrace Avenue to the east.
General Property Information
Property Sub-Type: Mixed
Lot Dimensions: Irregular
Lot Acres: 1.72
Total Parking: 165
Lot Sqft: 74749
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Appraiser
Leasable SqFt: 24910
List Price/SqFt: 240.87
Lot Size Price/SqFt: 80.27
Year Built: 1968
Combined SqFt: 24910
Electric
Electric Company: UniSource Energy Ser
Gas
Natural: 1
Analysis
Gross Rent Multi: 10.87
Vacancy Rate %: 0
Cap Rate %: 8.71
Construction
Brick: 1
Expenses
CAM Fee/Mo: 744
Figures Presented: Proforma
Insurance: 3535.63
Taxes/Assessments: 16770.52
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Office: Office Condo
Retail: Free Standing Building
Apartment Unit Information
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 750
Roof
Built-Up - Reflect: 1
Water
Water Company: CIty of Nogales
Property Features
A.D.A. Compliant: Unknown
Conference Room: 1
Interior Steps: 1
Smoke Detector: 1
Storage: 1
Warehouse: 1
Fence
None: 1
Space Information
# Dock: 1
Dock High: 1
Door Height: 10 ft
Road Type
Paved: 1
Warehouse Storage
Dry: 1
Lot Features
Corner Lot: 1
Dividable Lot: 1
East/West Exposure: 1
North/South Exposure: 1
Subdivided: 1
Main Cooling
Evaporative Cooling: 1
Main Heating
Electric: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit: 1
Submit With Offer
Loan Pre-Qualifiaction: 1
Proof of Funds: 1
Seller Title Company: Pioneer Title Agency
Accessibility Option
Accessible Elevator Installed: 1
Ramped Main Level: 1
Wide Doorways: 1
Wide Hallways: 1
Security
Alarm Installed: 1
Closed Circuit Camera(s): 1
Security Lights: 1
Window Bars: 1
Landscape - Front
Low Care: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Low Care: 1
Shrubs: 1
Trees: 1
Parking
Common: 1
Fee: 1
Free: 1
Private Parking: 1
Public Parking: 1
Other: Paid Parking
Business Location
Business Park: 1
Commercial Strip: 1
Corner Lot: 1
Free Standing Bldg: 1
Office/Professional: 1
Redevelopment Area: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Unknown: 1
Possession
Negotiable: 1
Restrictions
Deed: 1
Property Disclosures
Property Profile: 1
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 31.334493
Geo Lon: -110.942516
Income
Gross Scheduled Rent: 551992.18
Net Opp Income: 522751.94
Property Features
Property Features: Conference Room; Interior Steps; Smoke Detector; Storage; Warehouse
Construction: Brick
Roof: Built-Up - Reflect
Space Information: Dock High
Warehouse Storage: Dry
Main Cooling: Evaporative Cooling
Main Heating: Electric
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: Accessible Elevator Installed; Ramped Main Level; Wide Doorways; Wide Hallways
Security: Alarm Installed; Closed Circuit Camera(s); Security Lights; Window Bars
Fence: None
Landscape - Front: Low Care; Shrubs; Trees
Landscape - Rear: Low Care; Shrubs; Trees
Road Type: Paved
Parking: Common; Fee; Free; Private Parking; Public Parking
Lot Features: Corner Lot; Dividable Lot; East/West Exposure; North/South Exposure; Subdivided
Business Location: Business Park; Commercial Strip; Corner Lot; Free Standing Bldg; Office/Professional; Redevelopment Area
Traffic Count: Unknown
Terms: Cash; Conventional; Submit
Possession: Negotiable
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Property Profile; Seller Prop Disclosure
Special Conditions: None
Restrictions: Deed
Documents
Parcel and Legal Descriptions ›Listing Office: Realty Executives Arizona Territory
Last Updated: September - 03 - 2025
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