72-78 Main St - Retail FOR SALE


Bisbee, AZ 85603
$995,000 USD
520-236-6144
72-78 Main St, Bisbee, AZ for Sale
$995,000 USD
Retail - FOR SALE
1/51
null | 2.12% Cap Rate

72-78 Main St
Bisbee, AZ 85603


HIGHLIGHTS

  • Foot and Vehicle Traffic - High Visibility
  • 2 out of 3 spaces leased
  • Historic Charm w/ Modern Updates
  • Competitive Owner-Carry Terms
  • Adjacent to Public Parking
  • Practically Turn-Key!

OVERVIEW

Attention Investors and Owner-Operators! A Must See Commercial Property in the highly popular tourist destination of Bisbee AZ! This 3,586 sq ft property has been recently renovated blending historic charm with modern upgrades (HVAC, Plumbing, Electrical + more) from what had been basic mixed use space to THREE vibrant and hip restaurant spaces, all under one roof! Centrally located on THE main street of the Bisbee Historic District, next to one of the largest free public parking lots in town and boasting constant, consistent foot traffic as well as high visibility for those driving by. Two out of the three spaces are currently leased to the much loved, fan favorite, Taqueria Outlaw, and the coming soon, exciting speak-easy venue, Santos. The third, and largest, practically turnkey, versatile space is primed for an owner-operator or tenant. Thoughtfully designed to anticipate the needs of the most discerning restaurateur. Brand new 10-ft hood with fire suppression in place, completed bathrooms, large walk-in refrigerator with new cooling system, beautiful custom tile work throughout, statement pieces and key pieces of kitchen and bar equipment included (for example: Gas Cooktop, Deck Oven, High-Heat Dishwasher, Glass Freezer, etc) This space is just incredible with only a few final touches needed to customize to one's own restaurant vision. Originally built in 1900 during Bisbee's explosive mining boom, when copper, gold, and silver transformed this rugged mountain town into one of America's richest mining hubs, 72-78 Main St stands as a testament to that rich spirit and storied past. Current cap rate at 2.12% with two-thirds occupancy. Unlock the full potential with full occupancy for a solid 6.34% cap rate based on an NOI of $63,081. Own a piece of Arizona history in one of the most unique settings of Southern Arizona! *Seller is willing to consider competitive Owner-Financing Terms with acceptable offer.* Shown with minimum 24-hour notice only, please do not disturb the tenants.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$277 USD /SF

CAP RATE

2.12%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bar, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

CM-2

APN/PARCEL ID

103-62-430A

ASK ABOUT THIS PROPERTY

Debra SotoeXp Realty - ArizonaMore Info
520-236-6144

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Debra SotoeXp Realty - ArizonaMore Info
520-236-6144

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