$1,200,000
Oracle, AZ 85623
MLS# 22526563
8820 sqft

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Property Description
Are you looking for a commercial property that also has residential homes? Look no further! This large 2-acre property has everything you need! Here's your chance to seamlessly blend living and working in one remarkable property. The commercial building is 5,600 sq ft divided into four prime rental spaces. There are also 2, two bedrooms homes that have been updated. The commercial building has a new roof as of 2026. Many upgrades everywhere! When you combine the estimated values of these three main structures. Located at the base of Mt. Lemmon, in the heart of the Arizona adventure corridor, this opportunity is truly one-of-a-kind.
Details
Documents
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
Contract Information
Current Price: $1,200,000
List Price: $1,200,000
Listing Date: 2025-10-11
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
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: 136.05
Lot Size Price/SqFt: 15.74
Remarks Misc
Geo Lat: 32.610671
Geo Lon: -110.76557
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: 1
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 %: 1
Gross Rent Multi: 99.7
Income
Gross Scheduled Rent: 10020
Adjusted Gross: 10020
Net Opp Income: 10020
Expenses
Figures Presented: Proforma
Style
Other: Metal and Block
Kitchen Features
Appliance Color: Stainless
Main Cooling
Other: Minis plit, AC
Main Heating
Other: Gas Furnace
Water
Water Company: AZ Water
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
Property Features
Construction: Brick; Frame; Metal
Roof: Membrane
Living Areas: None
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: None
Kitchen Features: Refrigerator
Bathroom Features: None
Laundry: None
Extra Room: Storage
Interior Features: Workshop
Floor Covering: Stone; Wood
Window Covering: None
Technology: High Speed Internet
Main Heating: Electric
Water Heater: Electric
Electric: None
Gas: Natural
Sewer: Septic
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: None
Landscape - Front: Decorative Gravel; Desert Plantings; Natural Desert; Shrubs; Trees
Landscape - Rear: Decorative Gravel; Desert Plantings; Low Care; Natural Desert; Shrubs; Trees
View: Panoramic; Residential; Rural; Sunrise; Mountain(s)
Road Type: Dirt; Gravel; Paved
RV Parking: Space Available
Exterior Feature: Courtyard; Shed(s); Workshop
Lot Features: Borders Common Area; East/West Exposure; Hillside Lot
Neighborhood Features: Historic; Paved Street; Street Lights; Walking Trail
Terms: Cash; Conventional; Exchange; For Rent
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds; Written Lender Approval
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Supplements
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 Office: HomeCoin.com
Last Updated: June - 23 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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