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72-78 Main St 3,586 SF 67% Leased Retail Building Bisbee, AZ 85603 $1,388,940 CAD ($387.32 CAD/SF) 2.12% Cap Rate
INVESTMENT HIGHLIGHTS
- Foot and Vehicle Traffic - High Visibility
- Historic Charm w/ Modern Updates
- Adjacent to Public Parking
- 2 out of 3 spaces leased
- Competitive Owner-Carry Terms
- Practically Turn-Key!
EXECUTIVE SUMMARY
Attention Investors and Owner-Operators! **ONLY ONE SPACE LEFT AVAILABLE FOR LEASE!** 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 NOW OPEN, 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.
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.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
3,586 SF
Year Built/Renovated
1900/2025
Price
$1,388,940 CAD
Price Per SF
$387.32 CAD
Cap Rate
2.12%
NOI
$29,427 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Zoning
CM-2 - Commercial Mixed - Historic District
Frontage
72’ on Main St
AMENITIES
- Corner Lot
- Restaurant
- Signage
- Skylights
- Air Conditioning
- Smoke Detector
PROPERTY TAXES
| Parcel Number | 103-62-430A | Improvements Assessment | $35,758 CAD |
| Land Assessment | $6,721 CAD | Total Assessment | $42,479 CAD |
PROPERTY TAXES
Parcel Number
103-62-430A
Land Assessment
$6,721 CAD
Improvements Assessment
$35,758 CAD
Total Assessment
$42,479 CAD
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