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    850 Ash St Globe, AZ 85501

    For Sale
    $450,000

    Established Bar, Rental Potential, Liquor License

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional opportunity presents a well-established bar located in the heart of Globe, Arizona, at the highly visible intersection of Broad Street and US Highway 60/Ash Street. Boasting over 40 years of operational history, this turnkey business is ready for a new owner. The sale includes a valuable Class 6 liquor license, subject to the buyer's successful completion of the Arizona Department of Liquor License requirements prior to closing. The property itself sits on a sizable 0.51-acre lot and includes two additional structures at the rear. These buildings offer significant potential for conversion into rental properties, providing an additional income stream or the possibility of owner-occupied housing. The main bar building's square footage is not currently specified. This prime location on a main thoroughfare in downtown Globe ensures high visibility and accessibility, making it an ideal investment for an entrepreneur seeking a profitable business with substantial growth potential. The property's history and established clientele provide a solid foundation for continued success. Don't miss this chance to acquire a thriving business with significant expansion possibilities. Serious inquiries only.

    Property Features for 850 Ash St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,216 SF

    Building Details

    Year Built
    1961
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tap Room Bar

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Globe
    County
    Gila
    State
    Arizona
    Longitude
    -110.7919
    Latitude
    33.40126

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    FAQs

    What type of property is this?
    Commercial real estate - Established Bar, Rental Potential, Liquor License
    Where is this commercial real estate located?
    The property is located at 850 Ash St Globe, AZ.
    What is the asking price?
    The asking price for this property is $450,000.
    (480) 399-1585
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    850 Ash St Globe, AZ 85501
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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
    850 Ash St Globe, AZ 85501
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