Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2 Main St Bisbee, AZ 85603

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,695,000

    Historic mixed-use building in downtown Bisbee with diverse tenant mix.

    Property size:
    31,959 SF
    Lot size:
    0.48 Acres

    Property Features for 2 Main St

    General Information

    Standard status
    Active
    Size
    31,959 SF
    Lot size
    0.48 Acres

    Building Details

    Year built
    1939

    We can help!

    Listing Contact
    Jean Noreen
    Source: Exitrealty

    Listing Agency: Tierra Antigua Realty, LLC Listing Agent: Jean Noreen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Cornerstone Building in Old Bisbee

    Located at 2 Main Street, this cornerstone building in Old Bisbee was constructed in 1938 by Del Webb. Originally built to house retail shops for Phelps Dodge Corporation, it now serves as a central hub in downtown Bisbee. The property accommodates 14 businesses, including two anchor restaurants, retail spaces, an art gallery, a small market, a bookstore, a radio station, and various offices. The building encompasses over 31,000 square feet, according to public records, with 11,971 square feet on the first floor, 7,738 square feet on the mezzanine, and 12,250 square feet in the basement. The property includes 40 parking spaces. The showcase windows surrounding the building offer prime exposure in the Old Bisbee Historic District.
    Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Map

    City
    Bisbee
    County
    Cochise
    State
    Arizona
    Longitude
    -109.917384
    Latitude
    31.441694

    Nearby Similar for Sale

    • New
      $850,000
      1,021 SF

      Historic Bisbee Restaurant Opportunity

      Turnkey restaurant, bar, ice cream, and gift shop in Bisbee.
      105 Tombstone Canyon Rd, Bisbee, AZ 85603
      View Details
    • New
      $995,000
      3,586 SF

      Historic Bisbee Commercial Investment Opportunity

      Renovated historic building with restaurant spaces in Bisbee, Arizona.
      72-78 Main St, Bisbee, AZ 85603
      View Details
    • $2,200,000
      8,311 SF

      Historic Bisbee Grand Hotel

      Charming 13-room hotel with bar/restaurant and live entertainment.
      61 Main St, Bisbee, AZ 85603
      View Details
    • $498,000
      1,465 SF

      Historic Gem in Bisbee's Heart

      Two-story historic building with retail, Airbnb, and basement.
      41 Main St, Bisbee, AZ 85603
      View Details
    • New
      $755,000

      Spacious Triplex in Old Bisbee

      Charming 3-unit building with original features and a garden oasis.
      48 Shearer Ave, Bisbee, AZ 85603
      View Details
    • $950,000
      1,021 SF

      Historic Bisbee Restaurant Opportunity

      Turnkey restaurant, bar, ice cream, and gift shop in Bisbee.
      105 Tombstone Canyon Rd, Bisbee, AZ 85603
      View Details
    • $369,900

      Historic Bisbee Duplex with Income

      Historic Bisbee duplex with income potential near shops and restaurants.
      644 Tombstone Canyon Rd, Bisbee, AZ 85603
      View Details
    • $468,000
      2,421 SF

      Historic Home with Vineyard Views

      Charming Bisbee home with guest quarters and panoramic views.
      428D Brophy Ave, Bisbee, AZ 85603
      View Details
    • $468,000

      Historic Home with Vineyard Views

      Charming Bisbee home with guest quarters, vineyard, and panoramic views.
      428 Brophy Ave, Bisbee, AZ 85603
      View Details
    • Contact for pricing

      Historic Downtown Bisbee Commercial Property

      Two-story, 5,200 sq ft commercial property in historic downtown Bisbee.
      81 Main St, Bisbee, AZ 85603
      View Details
    • $532,000
      0.30 Acres

      Bisbee Historic Landmark Restaurant

      Versatile Commercial Space, Historic Charm
      202 Tombstone Cyn, Bisbee, AZ 85603
      View Details
    • $2,750,000
      8,311 SF

      Bisbee Grand Hotel: Historic Gem

      13-Room Hotel, Downtown Bisbee, AZ
      61 Main St, Bisbee, AZ 85603
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic mixed-use building in downtown Bisbee with diverse tenant mix.
    Where is this mixed-use property 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.
    What are key features of this property?
    This property features: - Prime location in the heart of Old Bisbee Historic District.; - High-traffic location with **showcase windows offering maximum exposure**.; - Diverse tenant mix with 14 businesses including anchor restaurants, retail, and an art gallery.
    (520) 432-5439
    Request Owner's contact information
    2 Main St Bisbee, AZ 85603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Main St
    Bisbee, AZ 85603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jean Noreen
    Real Estate License ID: SA029951000
    (520) 432-5439 (520) 439-8888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!