Historic mixed-use investment opportunity located in the heart of Old Bisbee’s vibrant Main Street district. This unique property offers three distinct income streams, including a street-level retail space, an upstairs residential unit currently operating as a short-term rental, and a partially finished basement with significant value-add potential.
The property is currently underperforming with below-market rents, providing investors with a clear path to increased income and long-term appreciation. Through strategic rent adjustments, optimization of the short-term rental, and activation of the basement space, the property offers a projected stabilized income of approximately $73,800 annually.
Investors benefit from diversified income sources and flexible use options, while the historic character and prime location in a tourism-driven market support strong demand for both retail and short-term rental use.
Investment Highlights:
• Three income streams: retail, Airbnb, and basement
• Below-market rents with immediate upside potential
• Projected cap rate range: ~9% to 12%+
• Strong short-term rental demand in Bisbee
• Prime walkable Main Street location
• Basement offers additional income opportunity (speakeasy, studio, or lease space)
This is a rare opportunity to acquire a historic asset with modern income potential in one of Arizona’s most unique and sought-after small-town markets.
See the offering memorandum for financials.