61 Main St - Hospitality FOR SALE


Bisbee, AZ 85603
$2,200,000 USD
520-247-7480
61 Main St, Bisbee, AZ for Sale
$2,200,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

61 Main St
Bisbee, AZ 85603


HIGHLIGHTS

  • Historic Charm
  • Prime Location
  • Turnkey Operation
  • Boutique Accommodation
  • Gastronomic Delights & Entertainment

OVERVIEW

The Historic Bisbee Grand Hotel, is a charming 13 room hotel including 5 large suites with a bar/restaurant establishment that marries the allure of history with timeless live entertainment. Rarely does a property blend historical significance, modern amenities, and live entertainment as harmoniously as the Historic Bisbee Grand Hotel. Situated in the heart of downtown Bisbee, this investment offers not only the chance to own a piece of history but also to partake in Bisbee's thriving tourism industry. The hotel is a well-established and successful operation, generating a steady stream of revenue from room bookings, dining, drinks and live entertainment. A new owner can seamlessly step into this turnkey venture and capitalize on its existing reputation and customer base. Potential Buyers/Agents: Must provide proof of funds/financial statement prior to viewing property and also sign NDA prior to seller providing financial reports. Please do not contact the Sellers, Manager or Employees, all questions to be directed to Listing Agents. Recent Upgrades: Exterior Upgrades: Back patio made into lounge area Interior Upgrades: Kitchen -3 new upright coolers -New oven -New reach in cooler -New sinks -New flooring Bathrooms -Totally remodeled women’s bathroom ($15k) Bar -New keg coolers -New upright coolers -New reach in coolers Stage/Dining Room -Brand new stage and sound system -Murals Hotel -New HVAC -New washer/dryers for linens -Upgraded housekeeping closet -Upgraded maintenance closet -Upgraded 6 of 13 hotel rooms -Includes bathroom Storefront suites -Upgraded bathrooms Bill of Sale -All furniture and fixtures included Staffing -All new staff and management -Restaurant is under operations for hotel Marketing -New website -Social media manager (in house) -Upgraded reservations system Technical -Square POS -Consultant for alcohol inventory Subcontractors -Mission Linens -Pest Control -Bookkeeper/Payroll Entertainment -In house booking manager -Event calendar until Winter 2023 Hotel booking -Reservations until Winter 2023 90 days of transition training for owner/operators

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$265 USD /SF

# OF ROOMS

13

PRICE/ROOM

$169,231 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bisbee Grand Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,726 SF

ZONING

CM-2

APN/PARCEL ID

103-62-005

ASK ABOUT THIS PROPERTY

Omer KresoOmer KresoMore Info
520-247-7480

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

Omer KresoOmer KresoMore Info
520-247-7480

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