152 N Terrace Avenue, Nogales, AZ 85621

$6,000,000
Property Type: Commercial Square Footage: 24,910 Lot Size (sq. ft.): 74,749 Status: Pending
Current Price: $6,000,000 List Date: 9/02/2025 Last Modified: 5/13/2026

Overview

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 opportun ...

Listing Details MLS# 22522768

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

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

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

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2026-05-13
Pending Date
2026-05-13

More Information

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.

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
Yes

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
IDX
Listing Office: Realty Executives Arizona Territory
Last Updated: May - 13 - 2026
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