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About This Home

This 0-bedroom, 0-bathroom residential multi family at 760 E American Avenue in Oracle, AZ is listed for $999,000 ($113 per sqft). Built in 1956, the home offers 8,820 sqft of living space on a 2.03 acres lot.

Agent Description

Here's your chance to seamlessly blend living and working in one remarkable property. Imagine owning a spacious 5,600 sq ft commercial building, expertly divided into four primed rental spaces, plus two charming houses to call home. With abundant parking and a breathtaking location at the base of Mt.

Lemmon-right in the heart of the Arizona adventure corridor-this opportunity is truly one-of-a-kind. Don't let this chance slip away! Embrace your future here today! When you combine the estimated values of these three main structures. Don't miss out on this exceptional opportunity to own a piece of history in beautiful Oracle, AZ!

This expansive 2-acre property is perfect for savvy investors or business owners who want to blend work and living space seamlessly. At the heart of the property, you'll find a remarkable 5,600 sq ft commercial building located at 760 E American Ave. This versatile space is divided into four rentable areas and comes with over 25 parking spots, ensuring convenience for both tenants and customers alike.

The thoughtfully designed layout creates a spacious and inviting atmosphere on the lot. In addition to the commercial space, the property boasts two charming homes situated above and away from the main building, offering privacy and comfort: **760 E American Ave** 5600 sq ft commercial building values at over $450K.

**780 E American Ave**: A cozy 1,500 +/- sq ft, 2-bed, 1-bath home valued at over $300K. **790 E American Ave**: A spacious 1,500 +/- sq ft, 2-bed, 2-bath home, also valued at over $300K. You'll also benefit from three storage buildings, a 1/4-acre flat lot with existing utilities, and a stunning tiered rock garden areaan ideal spot for relaxation or events.

When you combine the estimated values of these three main structures, you're looking at over $1.5 million in potential value. Yet, I am offering the entire property for only $999,999an incredible deal! With the possibility of creating 12 rentable spaces.

Seize this unique chance to invest in a thriving area filled with potential! Commercial Building Discover an incredible opportunity to lease a spacious 5,600 sq ft commercial building in the vibrant community of Oracle, AZ. This versatile property is thoughtfully divided into four distinct rental spaces, all zoned under C3, offering numerous possibilities for your business ventures.

**Space #1:** A charming 135 sq ft unit featuring a shared, locking bathroomperfect for entrepreneurs in tattoo artistry, massage therapy, hairdressing, accounting, or any small business looking to make an impact. At just $550 per month plus water and electricity, this space is a fantastic entry point for your business.

**Space #2:** This spacious 1,616 sq ft area boasts two bathrooms, making it an excellent choice for fitness, education, or wellness enterprises. **Space #3:** This expansive 2,920 sq ft space comes with a locking shared bathroom, offering ample room to accommodate your growing business needs.

The competitive base rent of $2,000 plus utilities ensures you're investing wisely in your future success. **Space #4:** Is 710 sq ft unit featuring a shared locking bathroom, available for just $700 per month plus water and electricity. This inviting space is ideal for startups or established businesses looking to expand.

All four spaces are on a Triple Net Lease (NNN), providing clarity and predictability while allowing you to focus on growth. Please note that base rent is subject to annual increases. We require all tenants to provide references, proof of business, and business liability insurance to ensure a thriving community of professionals.

Don't miss out on this exceptional chance to elevate your business in Oraclesecure your space today! FEATURES C3 Zoned Commercial Retail and Flex Use Space Available for Lease! This prime property features **four rentable spaces** and **over 30 parking spots** right on American Ave and Mt Lemmon Hwy which is the bustling main street of Oracle! The location offers

Key Features

  • Built in 1956
  • 2.03 acre lot
  • 30 parking spaces

Property Details

30 spaces
1956

Monthly Cost Estimate

$5,343/mo

20% down · 6.5% · 30 years

Principal$722
Interest$4,329
Insurance$291

Estimates only. Actual payments may vary.

Location

760 E American Avenue

Oracle, AZ 85623

Oracle Townsite

Features & Amenities

Exterior Features

Courtyard

Property Details

Flooring

StoneWood

Construction

Brick Frame Metal Siding

Heating

Electric (Heating)

Appliances

Refrigerator

Questions & Answers

This 0-bedroom, 0-bathroom residential multi family at 760 E American Avenue is listed at $999,000 ($113/sqft). The estimated monthly payment is $4,329 based on 20% down at 6.5% interest.

Key features include: Built in 1956, 2.03 acre lot, 30 parking spaces. Exterior Features: Courtyard.

This property is listed by Jonathan Minerick and can be reached at 8884002513 or info@homecoin.com.

JM

Jonathan Minerick

Agent at HomeCoin.com

(888) 400-2513

Listed by HomeCoin.com · View on Broker Site

MLS# 22526563· Source: listhub· Updated 233 days ago

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760 E American Avenue, Oracle, AZ 85623

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