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Letson Loft Hotel 26 Main St 9 Room Hotel Bisbee, AZ 85603 $3,140,820 CAD ($348,980 CAD/Room) 10% Cap Rate
INVESTMENT HIGHLIGHTS
- Historic mixed-use building with boutique hotel and retail.
- Prime Downtown Location in the Bisbee Historic Arts & Culture District on Main Street.
- Longstanding business reputation, solid online reviews, and brand recognition.
- Immediate turn-key opportunity.
- Keyless entry, smart TVs, guest lounge, high-speed internet, and breakfast service.
- Seller financing available - flexible terms for qualified buyers.
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
AMENITIES
- On-Site Retail
- High Speed Internet Access
- Boutique/Lifestyle Hotel
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 1 | $302.91 CAD | - |
| Guest Room | 8 | $265.22 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 103-62-179 | Improvements Assessment | $146,688 CAD |
| Land Assessment | $10,887 CAD | Total Assessment | $157,575 CAD |
PROPERTY TAXES
Parcel Number
103-62-179
Land Assessment
$10,887 CAD
Improvements Assessment
$146,688 CAD
Total Assessment
$157,575 CAD
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Letson Loft Hotel | 26 Main St
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