152 N Terrace Avenue, Nogales, AZ 85621 (MLS# 22522768)

$6,000,000
152 N Terrace Avenue
Nogales, AZ 85621
MLS# 22522768
24910 sqft
152 N Terrace Avenue, Nogales, AZ 85621
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152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621 152 N Terrace Avenue, Nogales, AZ 85621

Property 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,

Details
Maps
Documents
Address Information
Street #: 152
Direction: N
Street Name: Terrace
Suffix: Avenue
State/Province: AZ
Zip Code: 85621
County: Santa Cruz
Country: USA
Location Tax Legal
Tax Code: 101-46-016
Area: SCC-Nogales East
Contract Information
Current Price: $6,000,000
List Price: $6,000,000
Listing Date: 2025-09-02
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
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
Total Parking: 165
Multi-Tenant: Yes
Year Built: 1968
Lot Dimensions: Irregular
Lot Acres: 1.72
Lot Sqft: 74749
Lot Size Source: Assessor
Combined SqFt: 24910
Source of SqFt: Appraiser
Leasable SqFt: 24910
List Price/SqFt: 240.87
Lot Size Price/SqFt: 80.27
Remarks Misc
Geo Lat: 31.334493
Geo Lon: -110.942516
Income
Gross Scheduled Rent: 551992.18
Net Opp Income: 522751.94
Analysis
Cap Rate %: 8.71
Gross Rent Multi: 10.87
Expenses
CAM Fee/Mo: 744
Figures Presented: Proforma
Insurance: 3535.63
Taxes/Assessments: 16770.52
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
Property Features
A.D.A. Compliant: Unknown
Space Information
Door Height: 10 ft
# Dock: 1
Electric
Electric Company: UniSource Energy Ser
Water
Water Company: CIty of Nogales
Parking
Other: Paid Parking
Submit With Offer
Seller Title Company: Pioneer Title Agency
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
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.

Listing Office: Realty Executives Arizona Territory

Last Updated: September - 03 - 2025

152 N Terrace Avenue, Nogales, AZ 85621 - MLS# 22522768

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.

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