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72-78 Main Street, Bisbee, AZ 85603
Overview
Description
Supplements: ... (Read more) trap system, upgraded plumbing and electrical, 200A service, dedicated circuits, new PEX main water line, dual 4-inch PVC waste lines, floor drains throughout, and 3- & 5-ton HVAC units. Custom tile, white oak floors, skylight, bar infrastructure (with water, power, and draft system capability), and quality finishes complete the space. Adjacent to one of the largest free public parking lots in town with strong foot traffic and visibility. Current cap rate 2.12% at 2/3 occupancy. Projected 6.34% at full occupancy (NOI $63,081). A rare opportunity to acquire a historic hospitality asset with modern infrastructure in one of Southern Arizona's most distinctive tourism markets.
Listing Details MLS# 22605590
Address Information
- Street #
- 72-78
- Street Name
- Main
- Suffix
- Street
- State/Province
- AZ
- Zip Code
- 85603
- County
- Cochise
- Country
- USA
Location, Tax & Legal
- Tax Code
- 103-62-430A
- Area
- Cochise
General Property Information
- Property Sub-Type
- Mixed
- Construction Status
- Existing
- # Units
- 3
- Year Built
- 1900
- Lot Dimensions
- 70 x 44 x 60 x 44
- Lot Acres
- 0.07
- Lot Sqft
- 3126
- Lot Size Source
- Assessor
- Combined SqFt
- 3586
- Source of SqFt
- Assessor
- List Price/SqFt
- 277.47
- Lot Size Price/SqFt
- 318.3
Property Features
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
More Information
Showing Information
- Directions
- Located on Mainstreet next to Busy Bee public parking across from the Grand Hotel
Income
- Gross Scheduled Rent
- 39240
- Net Opp Income
- 31450
Analysis
- Cap Rate %
- 3.16
- Vacancy Rate %
- 0.08
Expenses
- Figures Presented
- Actual
- Insurance
- 2638
- Taxes/Assessments
- 3947
- Water/Sewer
- 1181
Unit Information
- Retail
- Restaurant
Space Information
- Ceiling Height
- 12ft
Water Heater
- None
- Gas line is in
Electric
- Electric Company
- APS
- Amps
- 100,200,240
Water
- Water Company
- Arizona Water Co.
Submit With Offer
- Seller Title Company
- Pioneer Title~Bisbee
Documents
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