1200 N Jefferson Dr - Bar FOR SALE


Oracle, AZ 85623
$989,000 USD
520-400-2801
1200 N Jefferson Dr, Oracle, AZ for Sale
$989,000 USD
Bar - FOR SALE
1/37
null | 15.17% Cap Rate

1200 N Jefferson Dr
Oracle, AZ 85623


OVERVIEW

Turn-Key Tavern + Separate Income Parcel | Two Parcels | $989,000 The Ore House Hilltop Tavern offering includes two contiguous parcels forming a complete, income-producing business and real estate portfolio: The front parcel along Old Highway 77 contains the fully built-out, operating Ore House Hilltop Tavern. The rear parcel along N. Jefferson Drive includes a stand-alone manufactured home generating approximately $2,000/month in rental income. The tavern is a true destination asset, featuring an authentic interior, dual brick bars, fireplace seating, multiple TVs, gaming, and expansive outdoor patios with panoramic desert and mountain views. The business is operating with an established manager and a full staff that intends to remain, providing immediate continuity and a hands-off ownership path for an investor. This dual-parcel structure delivers diversified income, operational flexibility, and long-term optionality—whether held for yield, operated, or repositioned. At the $989,000 offering price, the combined asset delivers true double-digit yield on hard real estate, with in-place operations and meaningful depreciation potential. Highlights Two-parcel offering: Tavern + separate residential parcel Operating business with in-place operator and staff Iconic hilltop location with indoor and outdoor service areas Stand-alone rental home (~$24,000/year) Strong tax-advantaged depreciation profile Ideal for investors, 1031 buyers, or owner-operators A rare opportunity to acquire a fully functioning hospitality business and a separate income property in one acquisition—at a basis that still produces real yield.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$523 USD /SF

CAP RATE

15.17%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Ore House Hilltop Tavern

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

CR-4

APN/PARCEL ID

308-03-132

ASK ABOUT THIS PROPERTY

Zach NicholsRealty Executives Arizona TerritoryMore Info
520-400-2801

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Zach NicholsRealty Executives Arizona TerritoryMore Info
520-400-2801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.