$999,000

760 E American Ave Oracle, AZ 85623

Estimated payment $5,595/month

Total Views 1,039
-- Bed
-- Bath
7,513 Sq Ft
$133 Price per Sq Ft

Highlights

  • Popular Property
  • RV Access or Parking
  • 2.03 Acre Lot
  • The property is located in a historic district
  • Panoramic View
  • Wood Flooring

About This Home

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 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 Agent

Jonathan Minerick

HomeCoin.com Listed on: 10/13/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,387

Year Built

  • Built in 1956

Lot Details

  • 2.03 Acre Lot
  • Dirt Road
  • Lot includes common area
  • Desert faces the front and back of the property
  • East or West Exposure
  • Shrub
  • Hillside Location
  • Landscaped with Trees

Property Views

  • Panoramic
  • Mountain
  • Rural

Home Design

  • Triplex
  • Brick or Stone Mason
  • Frame Construction
  • Membrane Roofing
  • Metal Construction or Metal Frame

Interior Spaces

  • 7,513 Sq Ft Home
  • 2-Story Property
  • Workshop
  • Storage Room

Kitchen

  • Eat-In Kitchen
  • Stainless Steel Appliances

Flooring

  • Wood
  • Stone

Parking

  • 30 Parking Spaces
  • Driveway
  • RV Access or Parking

Outdoor Features

  • Courtyard
  • Separate Outdoor Workshop
  • Shed

Location

  • Ground Level
  • The property is located in a historic district

Schools

  • Oracle Ridge Elementary School
  • Gardner Middle School
  • Canyon Del Oro High School

Utilities

  • Heating Available
  • Electricity Not Available
  • Electric Water Heater
  • Septic System
  • High Speed Internet

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • No Laundry Facilities

Recreation

  • Trails

Building Details

  • Gross Income $10,020
  • Net Operating Income $10,020

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,387

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Horses: No
  • Lot Size: Oblong
  • Road Surface Type: Paved, Gravel, Dirt
  • CapRate: 1.0
  • Co List Office Mls Id: 53439
  • Subdivision Name: Oracle Townsite
  • Special Features: None

Interior Features

  • Kitchen Features Appliance Color: Stainless
  • Appliances: Refrigerator

Exterior Features

  • ExteriorFeatures: Courtyard
  • Roof: Membrane
  • View: Residential, Sunrise, Mountain(s), Panoramic, Rural
  • Construction Type: Brick, Frame, Metal
  • Other Structures: Workshop, Shed(s)
  • Patio And Porch Features: None

Utilities

  • Electric: None
  • Sewer: Septic Tank
  • Laundry Features: None
  • Heating Yn: Yes
  • Water Source: Public
  • Sewer Septic: Yes

Fee Information

  • Expenses Figures Presented: Proforma

Schools

  • Junior High Dist: Oracle
  • Middle Or Junior School: Gardner

Lot Info

  • Lot Features: Borders Common Area, East/West Exposure, Hillside Lot, Decorative Gravel, Shrubs
  • Lot Size Sq Ft: 13.0
  • Zoning: Pinal County - CR3

Building Info

  • Year Built: 1956

Rental Info

  • Utilities Paid Trash: Tenant

Tax Info

  • Tax Year: 2024

Multi Family

  • Number Of Units Total: 3
  • Annual Gross Income: 10020.0
  • Property Net Operating Income: 10020.0

MLS Schools

  • Elementary School: Oracle Ridge
  • High School: Canyon Del Oro

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,387 -- -- --
2024 $4,486 -- -- --
2023 $4,707 $61,554 $7,687 $53,867
2022 $4,486 $54,754 $7,687 $47,067
2021 $4,726 $53,127 $0 $0
2020 $4,817 $53,276 $0 $0
2019 $4,519 $50,782 $0 $0
2018 $4,419 $46,459 $0 $0
2017 $4,248 $47,373 $0 $0
2016 $4,126 $7,648 $7,648 $7,648
2014 -- $21,420 $4,025 $17,395
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2025 10/13/25 For Sale $999,000 -- $133 / Sq Ft
Source: MLS of Southern Arizona

Purchase History

Date Type Sale Price Title Company
Warranty Deed $260,000 Fidelity National Title Agency
Warranty Deed -- Fidelity National Title Agency
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Special Warranty Deed $349,900 Title Security Agency Llc
Warranty Deed -- Title Security Agency Llc
Quit Claim Deed -- None Available
Warranty Deed -- None Available
Special Warranty Deed $345,000 Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $314,910 New Conventional
Previous Owner $240,000 Commercial
Source: Public Records

Source: MLS of Southern Arizona

MLS Number: 22526563

MLS of Southern Arizona

APN: 308-03-052