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    2 Main St Bisbee, AZ 85603

    For Sale
    $1,695,000

    Iconic Downtown Bisbee Investment Opportunity

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 31,959 square foot commercial property, located at 2 Main Street in the heart of Bisbee, Arizona's historic district, presents a unique investment opportunity. Built in 1938 by Del Webb, this cornerstone building originally served as the retail hub for the Phelps Dodge Corporation. Today, it thrives as a vibrant center of downtown activity, housing fourteen diverse businesses including anchor restaurants, retail shops, an art gallery, a small market, a bookstore, and a radio station, among others. The building boasts impressive showcase windows offering unparalleled visibility and exposure, capitalizing on its prime location within the bustling Old Bisbee Historic District. The property's substantial size encompasses 11,971 square feet on the first floor, 7,738 square feet of mezzanine space, and a 12,250 square foot basement, providing ample space for a variety of commercial uses. A significant advantage is the inclusion of 40 parking spaces, a rare commodity in this desirable location. The 0.48-acre lot ensures ample space for the building and its operations. This property represents a rare chance to acquire a landmark building in a thriving historic district, offering strong potential for future growth and income generation. The building's history, location, and current occupancy make it a truly exceptional investment.

    Property Features for 2 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    20,909 SF

    Building Details

    Year Built
    1939
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Bisbee
    County
    Cochise
    State
    Arizona
    Longitude
    -109.9147
    Latitude
    31.44164

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    FAQs

    What type of property is this?
    Commercial real estate - Iconic Downtown Bisbee Investment Opportunity
    Where is this commercial real estate located?
    The property is located at 2 Main St Bisbee, AZ.
    What is the asking price?
    The asking price for this property is $1,695,000.
    (520) 432-5437
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    2 Main St Bisbee, AZ 85603
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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
    2 Main St Bisbee, AZ 85603
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