884 N Grand Avenue, Nogales, AZ 85621 (MLS# 22404386)

$7,500,000

884 N Grand Avenue
Nogales, AZ 85621
MLS# 22404386
54674 sqft

1 / 11

Property Description
Located along the historic Grand Avenue corridor that continues South to the major border entry and tourism zone of Nogales, Arizona. Investment opportunity on a 3.67 Acre lot. 103 Room hotel with grand entry, large Lobby, Restaurant with Fully Equipped Large Commercial Kitchen, Bar, Banquet Facility, Billiards Room, and Business Area. Stand-alone building along Grand Avenue has 5 separate 1-bedroom 500+ SF Apartments with full kitchens, bathrooms, and balconies. 3 commercial retail/office spaces with Grand Avenue frontage for lease income opportunities. Separate 50’x60′ utility building with 4 car Garage, commercial laundry, and storage. 100+ paved parking spaces for hotel with an additional fully paved 1 Acre +/- lot for commercial truck drivers, Event Parking, or additional Development.

Details

Maps

Documents

Address Information

Street #: 884

Direction: N

Street Name: Grand

Suffix: Avenue

State/Province: AZ

Zip Code: 85621

County: Santa Cruz

Country: USA

Location, Tax & Legal

Tax Code: 101-30-016

Tax Year: 2021

Taxes: 3847.2

Legal Description: Sub Northern Addition A Pt. Of Lot 11 And Lot 12 Less Pt. Of Gran D Ave In Blk 101

Area: SCC-Nogales East

Development Name: El Dorado Inn Suites

Municipality/Zoning: Nogales – GC

Fire Protection: Included in Taxes

FEMA Flood Zone: No

Municipal Flood Zone: No

Contract Information

Current Price: $7,500,000

List Price: $7,500,000

Listing Date: 2024-02-20

Status: Active

Co-Op Fee: 3%

Method of Title: Fee (Simple)

Short Sale: No

Showing Information

Directions: NE on AZ-82 W, right onto N Grand Ave,Property on left

General Property Information

Dwelling Type: Hotel & Motel

Construction Status: Existing

# Units: 103

Total Parking: 100

Year Built: 1962

Lot Dimensions: Irregular

Lot Acres: 2.96

Lot Sqft: 129150

Lot Size Source: Assessor

Combined SqFt: 54674

Source of SqFt: Assessor

Leasable SqFt: 54674

List Price/SqFt: 137.18

Lot Size Price/SqFt: 58.07

Remarks & Misc

Geo Lat: 31.348076

Geo Lon: -110.927462

Unit Information

Hotel/Motel: Full Service

Electric

Electric Company: Unisource

Property Features

Property Features: Furnished; Smoke Detector; Storage

Construction: Concrete Block

Roof: Built-Up – Reflect

Fenced Storage: No

Main Cooling: Wall Unit(s)

Main Heating: Natural Gas

Water Heater: Natural Gas

Gas: Natural

Sewer: Connected

Accessibility Option: None

Security: None

Fence: None

Landscape – Front: Low Care

Landscape – Rear: Low Care

Road Type: Paved

Parking: Paved Parking; Private Parking

Lot Features: East/West Exposure

Freeway/Highway: Up to 1 Mile

Terms: Cash; Conventional; Submit

Possession: Negotiable

Submit With Offer: Digital Signature Accepted; Proof of Funds

Property Disclosures: Unknown

Special Conditions: None

Listing Documents

Lead Paint Discl

Flyer

Listing Office: Long Realty Company

Last Updated: February – 20 – 2024

884 N Grand Avenue, Nogales, AZ 85621 - MLS# 22404386

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