26 Main St - Hospitality FOR SALE


Bisbee, AZ 85603
$2,250,000 USD
480-425-5529
26 Main St, Bisbee, AZ for Sale
$2,250,000 USD
Hospitality - FOR SALE
1/16
null | 10% Cap Rate

26 Main St
Bisbee, AZ 85603


HIGHLIGHTS

  • Historic mixed-use building with boutique hotel and retail.
  • Immediate turn-key opportunity.
  • Prime Downtown Location in the Bisbee Historic Arts & Culture District on Main Street.
  • Keyless entry, smart TVs, guest lounge, high-speed internet, and breakfast service.
  • Longstanding business reputation, solid online reviews, and brand recognition.
  • Seller financing available - flexible terms for qualified buyers.

OVERVIEW

The Letson Loft hotel is a 9-room boutique hotel in the heart of Old Bisbee. This charming property was painstakingly restored after the Valentine’s night fire in 2024, and is now ready for a new owner who can take it to its highest level of performance. Rebuilt with its 19th century historic legacy in mind, the ownership, with East Coast Contractors in charge, spent over $3.5 million to deliver a fabulous mixed use lifestyle opportunity with all of the most modern of conveniences. With all new components throughout, the Letson can be efficiently managed, free of any deferred maintenance for years to come. With almost 20 years of consistent performance, this property, with its 3 retail spots anchoring a strong, stable income, also presents a chance to grow its hospitality component, while being managed by an onsite owner who decides to take advantage of the downstairs Owner’s suite (Guest Room #9). With a vacant retail spot currently available, an entrepreneurial buyer can also embark on their own retail concept while overseeing the hotel operations. Property was rebuilt after the Valentine's 2024 fire with 3.7M spent to rebuild property mostly from insurance proceeds.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$182 USD /SF

# OF ROOMS

9

PRICE/ROOM

$250,000 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Letson Loft Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1883

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C

APN/PARCEL ID

103-62-179

ASK ABOUT THIS PROPERTY

Carrick SearsSVN | Desert Commercial AdvisorsMore Info
480-425-5529

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Carrick SearsSVN | Desert Commercial AdvisorsMore Info
480-425-5529

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