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    206 Main St Jerome, AZ 86331

    For Sale
    $260,000

    Prime location, established business, huge potential.

    Property size:
    2,330 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional business opportunity presents the chance to acquire the oldest family-owned and operated saloon in Arizona. Located at 206 Main St, Jerome, AZ, this 2,330 square foot establishment sits on a 0.06-acre lot and is available for sale for $260,000. The property boasts a rich history, having operated continuously for 85 years, creating a strong foundation for continued success. The saloon features a stunning, hand-crafted bar and backdrop, complemented by vintage dГ©cor and a charming tin ceiling. Its nostalgic atmosphere and welcoming ambiance have cultivated a loyal local clientele, creating a thriving business with significant potential for growth. The property's prime location in the heart of Jerome ensures high visibility and foot traffic. A separate liquor license is available for an additional $135,000, providing a complete and turnkey operation. This is a rare opportunity to own a piece of Arizona history and a well-established, profitable business. The sale includes all existing fixtures and equipment, allowing for immediate operation. Don't miss this chance to own a piece of the Old West.

    Property Features for 206 Main St

    General Information

    Property type
    Investment properties
    Square Feet
    2,330 SF
    Lot Size
    2,614 SF

    Building Details

    Year Built
    1923
    Property Profile Location Intelligence

    Current Use by Public Records

    Paul & Jerrys Saloon Bar

    Map

    City
    Jerome
    County
    Yavapai
    State
    Arizona
    Longitude
    -112.1159
    Latitude
    34.75101

    Nearby Comparable

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      Historic Jerome Restaurant - Turnkey Operation

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      Jerome, AZ Retail Business for Sale

      Turnkey Pub, High Tourist Traffic, Established Clientele
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    • $154,000
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      Prime Jerome Pub - Turnkey Operation

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    Nearby Similar for Sale

    • $154,000
      1,300 SF

      Prime Jerome Pub - Turnkey Operation

      Established Bar, Live Music Venue, AZ
      403 Clark, Jerome, AZ 86331
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    • $150,000
      950 SF

      Historic Jerome Restaurant - Turnkey Operation

      Busy Restaurant, Established Clientele, Financing Available
      115 Jerome Ave, Jerome, AZ 86331
      View Details
    • $194,000
      1,300 SF

      Jerome, AZ Retail Business for Sale

      Turnkey Pub, High Tourist Traffic, Established Clientele
      403 Clark St, Jerome, AZ 86331
      View Details

    FAQs

    What type of property is this?
    Investment property - Prime location, established business, huge potential.
    Where is this investment property located?
    The property is located at 206 Main St Jerome, AZ.
    What is the asking price?
    The asking price for this property is $260,000.
    (928) 301-7477
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    Jerome, AZ 86331
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    206 Main St Jerome, AZ 86331
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