72-78 Main St Bisbee, AZ 85603

Located in the heart of Bisbee within the Bisbee Historic District, this 3,586 square foot historic commercial building, constructed around 1900, presents a prime investment opportunity on Main Street. The property has undergone extensive renovations, combining preserved character with modern infrastructure upgrades. Currently, the building is configured as three restaurant spaces under one roof. Two spaces are leased to established operators, Taqueria Outlaw and Santos speakeasy. One large, nearly turnkey space is available, offering flexible potential for conversion to residential use, creating a live/work or mixed-use opportunity. The vacant space includes a 10-foot Type 1 hood with fire suppression, a walk-in refrigerator with a new cooling system, a commercial high heat dishwasher, a deck oven, a grease trap system, upgraded plumbing and electrical systems, 200A service, dedicated circuits, a new PEX main water line, dual 4-inch PVC waste lines, and floor drains throughout. It also features 3- and 5-ton HVAC units, custom tile, white oak floors, a skylight, bar infrastructure with water, power, and draft system capability, and quality finishes. The property is adjacent to one of the largest free public parking lots in town, benefiting from strong foot traffic and visibility. The current cap rate is 2.12% at 2/3 occupancy, with a projected 6.34% at full occupancy (NOI $63,081). The lot size is 0.07 acres.