152 N Terrace Avenue, Nogales, AZ 85621
$6,000,000

Property Type: Comm/Industry Sale Square Footage: 24,910 Lot Size (sq. ft.): 74,923 Status: Active
Current Price: $6,000,000 List Date: 9/26/2025 Last Modified: 9/26/2025
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# 6925037
Contract Info
Ownership: Fee Simple Current Price: $6,000,000 List Price: $6,000,000 Status: Active List Date: 2025-09-25
Location, Tax & Legal
Assessor's Map #: 46 Assessor's Parcel #: 16 Add'l Parcels: Yes Tax Municipality: Nogales Taxes: 16770.52 Legal: See listing documents for full breakdown of legal descriptions and parcel numbers included in the sale. House Number: 152 Compass: N Street Name: Terrace St Suffix: Avenue City/Town Code: Nogales State/Province: AZ Zip Code: 85621 County Code: Santa Cruz Assessor Number: 101-46-016 Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 24910 # of Buildings: 13 Uncvrd Parking Spcs: 165 Flood Zone: No Year Built: 1968 Zoning: GC
Legal Info
Range: 13E Section: 18 Township: 24S Lot Number: 3B
Construction
Brick: 1
Roofing
Built-Up: 1
Floors
Concrete: 1
Income & Expenses
Annual Ins Exp: 3535.63 Owner Association: No Annual Ownr Asoc Fee: 0 Other Income: 0 Vacancy Allowance: 0 Adjusted Gross Inc: 551992.18
Building Type
Commercial: 1
Business Type
Mixed: 1
Pmt & Rate Info
Cap Rate: 8.71 Equity: 6000000 Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Electric: 1
Cooling
Office Evap: 1
Interior Features
Finished: 1
Loading Facilities
Dock High: 1
Source of Fincl Data
Owner: 1
Fencing
None: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
Fee: 1 Parking Lot: 1 Private: 1
Electric
Unisource: 1
Gas
Unisource: 1
New Financing
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Remarks Misc
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. Geo Lat: 31.33449 Geo Lon: -110.942495
Income Expenses
Gross Annual Sch Inc: 551992.18 Net Operating Income: 522751.94
Property Features
Building Type: Commercial Business Type: Mixed Construction: Brick Roofing: Built-Up Floors: Concrete Ceiling Height: 8.1 Feet to 10 Feet Cooling: Office Evap Loading Facilities: Dock High Interior Features: Finished Fencing: None Parking Features: Fee; Parking Lot; Private Electric: Unisource Gas: Unisource Water Source: City Franchise Sewer: Sewer - Public New Financing: Other (See Remarks) Lockbox Type: None Source of Fincl Data: Owner Environmental: None
Documents
Listing Office: Realty Executives Arizona Territory

Last Updated: September - 26 - 2025
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