760 E American Avenue, Oracle, AZ 85623
Overview
Description
Supplements: ... (Read more) 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 exceptional visibility for your business. The expansive **5,600 sq ft** building was recently renovated in 2020, showcasing modern bathrooms and a stylish personal trainer gym. Take advantage of this opportunity to lease space for one to four tenants, with **four distinct areas** and **three bathrooms** ready to accommodate your needs. Don't miss out on this ideal location for your venture! House 1 Are you ready to beat the heat and settle down in the charming community of Oracle? This is your chance! This charming, two-bedroom, one-bathroom home that's truly special! If you're considering starting a workshop or business, you're in luckthere are options at the commercial spaces right on the property. This expansive two-acre estate features not only two lovely homes but also a convenient commercial building. Step inside to discover a perfect blend of old-world charm and modern elegance. The primary bedroom is a showstopper with its vaulted ceilings, cozy fireplace, two spacious closets, and wood floors. Recently remodeled, the laundry room, kitchen, primary bedroom, and sunroom offer a fresh, inviting atmosphere. The kitchen is a culinary dream, featuring a five-burner KitchenAid gas cooktop, a built-in wine refrigerator, 2 ovens, and a state-of-the-art KitchenAid dishwasher. Both the interior and exterior of the home have been beautifully refreshed with new paint. Nestled in the historic Oracle, AZ. Please note that the refrigerator depicted in the photos will be replaced with a similar model. The estimated square footage is between 1,500 and 1,650 square feet. Don't miss out on this unique opportunity! The owner is a licensed real estate agent in Oregon and an inactive agent in Arizonaready to help you make this house your home! House 2 Enjoy the stunning views of expansive skies and Mt. Lemmon from this vintage gem located in the heart of Oracle, Arizona! This home is approximately 1,500 sq. ft. and features 2 bedrooms and 2 bathrooms, making it ideal for multi-generational living, a home office, or other uses. The levels are fully separated, ensuring maximum privacy. The lower unit is a 1-bedroom studio with a full bathroom, currently utilized as a private office. The main upper level includes 1 bedroom and 1 bathroom, featuring a spacious living room, dining room, and a highly functional small kitchen. The large master bedroom boasts an oversized walk-in closet and there is also a laundry room; a washer and dryer are included. The kitchen is equipped with a reverse osmosis drinking water system, and the home offers generous living spaces. Enjoy two new spacious decks for relaxing in the sun. Additionally, there is a detached building approximately 140 sq. ft. in size, which can serve as an office or studio and comes with electricity. There is also a unique opportunity to lease one of the commercial spaces if you have a business or need additional workspace. While this ad primarily focuses on the rental of the house, please note that the property is situated on a large 2-acre parcel shared with another house and a commercial business.
Listing Details MLS# 22526563
Address Information
- Street #
- 760
- Direction
- E
- Street Name
- American
- Suffix
- Avenue
- State/Province
- AZ
- Zip Code
- 85623
- County
- Pinal
- Country
- USA
Location, Tax & Legal
- Tax Code
- 308-03-0520
- Area
- Pinal
- Subdivision
- Oracle Townsite
- Tax Year
- 2024
- Taxes
- 4387.2
- Taxes For
- Dwelling & Land
- Legal Description
- Oracle Townsite Amended: Lots 16 Thru 22 Blk 21 & E-40' Of Monroe St Adj Nely 75' Of Lots 24 Thru 31 Blk 22 & All Of Lo
- Township
- 9
- Community
- None
- Municipality/Zoning
- Pinal County - CR3
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
- Municipal Flood Zone
- No
General Property Information
- Dwelling Type
- Triplex
- Attached/Detached
- Detached
- Construction Status
- Existing
- Lot Dimensions
- Oblong
- Lot Acres
- 2.03
- Lot Sqft
- 76230
- Lot Size Source
- Other
- Combined SqFt
- 8820
- Year Built
- 1956
- Total Parking
- 30
- School District
- Oracle
- Elementary School
- Oracle Ridge
- Middle School
- Gardner
- High School
- Canyon Del Oro
- Horse Property
- No
- Horse Facilities
- No
- List Price/SqFt
- 113.27
- Lot Size Price/SqFt
- 13.11
Property Features
Contract Information
- Method of Title
- Fee (Simple)
- Distressed Info
- None
More Information
Showing Information
- Directions
- From Tucson / Oro Valley take Oracle Road, which becomes Highway 77. Pass Saddlebrooke Ranch & Biosphere 2, then turn right into Oracle. Continue on American Avenue for about 3 miles until you spot your destination on the left, near Mount Lemmon Highway—a must-visit for thrill-seekers! Discover the stunning back side of Mount Lemmon and experience Arizona's adventure corridor!
Unit Info
- # of Units/Studios
- 4
Unit 1 Information
- Monthly Rent
- 5520
- # Half Baths
- 3
- SqFt
- 5620
- Occupancy
- Yes
- Stories
- Single
- Floor
- 1st
- Furnished
- No
- Parking
- On Property
Unit 2 Information
- Monthly Rent
- 2000
- # Beds
- 2
- # Full Baths
- Yes
- SqFt
- 1500
- Occupancy
- Yes
- Stories
- Two
- Floor
- 1st
- Furnished
- No
- Parking
- On Property
Unit 3 Information
- Monthly Rent
- 1900
- # Beds
- 2
- # Full Baths
- 2
- SqFt
- 1700
- Occupancy
- Yes
- Stories
- Two
- Furnished
- No
- Parking
- On Property
Analysis
- Cap Rate %
- Yes
- Gross Rent Multi
- 99.7
- Vacancy Rate %
- 0
Income
- Gross Scheduled Rent
- 10020
- Adjusted Gross
- 10020
- Net Opp Income
- 10020
- Vacancy Loss
- 0
- Other Income
- 0
- Total Expenses
- 0
Expenses
- Figures Presented
- Proforma
- Admin Expenses
- 0
- Capital Expenses
- 0
- Contract Services
- 0
- Gas/Electric
- 0
- Insurance
- 0
- Maintenance Supplies
- 0
- Management
- 0
- Resident Manager
- 0
- Taxes/Assessments
- 0
- Water/Sewer
- 0
- Other Expenses
- 0
Style
- Other
- Metal and Block
Kitchen Features
- Appliance Color
- Stainless
- Refrigerator
- Yes
Main Cooling
- Other
- Minis plit, AC
Main Heating
- Other
- Gas Furnace
- Electric
- Yes
Water
- Water Company
- AZ Water
- Public
- Yes
Utilities Paid
- Cable TV
- Tenant
- Electric
- Tenant
- Gas
- Tenant
- Insurance
- Tenant
- Sewer
- Tenant
- Taxes
- Tenant
- Trash
- Tenant
- Water
- Tenant
Driveway
- Paved
- Asphalt
Subdivision Restrict
- Age Restrictions
- No
- Deed Restrictions
- No
- CC&Rs
- No
Home Protection
- Offered
- No
Electric
- None
- Yes
Gas
- Natural
- Yes
Construction
- Brick
- Yes
- Frame
- Yes
- Metal
- Yes
Sewer
- Septic
- Yes
Roof
- Membrane
- Yes
Living Areas
- None
- Yes
Dining Areas
- Eat-In Kitchen
- Yes
Fence
- None
- Yes
Dining Room
- None
- Yes
View
- Mountain(s)
- Yes
- Panoramic
- Yes
- Residential
- Yes
- Rural
- Yes
- Sunrise
- Yes
Breakfast
- None
- Yes
Road Type
- Dirt
- Yes
- Gravel
- Yes
- Paved
- Yes
Road Maintenance
- City
- Yes
Lot Features
- Borders Common Area
- Yes
- East/West Exposure
- Yes
- Hillside Lot
- Yes
Laundry
- None
- Yes
Neighborhood Features
- Historic
- Yes
- Paved Street
- Yes
- Street Lights
- Yes
- Walking Trail
- Yes
Extra Room
- Storage
- Yes
Water Heater
- Electric
- Yes
Association & Fees
- HOA
- No
Interior Features
- Workshop
- Yes
Bathroom Features
- None
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
- Exchange
- Yes
- For Rent
- Yes
Floor Covering
- Stone
- Yes
- Wood
- Yes
Submit With Offer
- Lender Pre-Approval
- Yes
- Loan Pre-Qualifiaction
- Yes
- Proof of Funds
- Yes
- Written Lender Approval
- Yes
Window Covering
- None
- Yes
Accessibility Option
- None
- Yes
Technology
- High Speed Internet
- Yes
Security
- None
- Yes
Landscape - Front
- Decorative Gravel
- Yes
- Desert Plantings
- Yes
- Natural Desert
- Yes
- Shrubs
- Yes
- Trees
- Yes
Landscape - Rear
- Decorative Gravel
- Yes
- Desert Plantings
- Yes
- Low Care
- Yes
- Natural Desert
- Yes
- Shrubs
- Yes
- Trees
- Yes
Patio/Deck
- None
- Yes
Pool
- None
- Yes
Property Disclosures
- Seller Prop Disclosure
- Yes
Spa
- None
- Yes
Special Conditions
- None
- Yes
RV Parking
- Space Available
- Yes
Exterior Feature
- Courtyard
- Yes
- Shed(s)
- Yes
- Workshop
- Yes
Documents

Seller Disclosure ›