Restaurant Building with
For Sale
$339,000
412 Arizona Street, Bisbee, AZ 85603
Renovated 1955 restaurant building includes majority of equipment and a back covered patio, plus an adjacent lot.
Property Size1,500 SF
Price / SF$226
Days on Market80
Property Features for 412 Arizona Street
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Comm/Industry Sale
Amenities
covered patio
Building Details
Year Built
1955
Listing Agency:
Tierra Antigua Realty, LLC
(520) 439-8888
Listed By:
Kimberly Ewing · License #SA657293000
(520) 720-7376
Source:
Bridgettemichel
Added: Jul 21
Changed: Oct 3
Last Checked: Oct 7 at 12:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tierra Antigua Realty, LLC
Investment Insights
Based on property information with market context.
This renovated 1955 restaurant building is set up for restaurant use, with the majority of equipment included with the property. The building has been renovated and brought up to code prior to the recent tenants, and includes a back covered patio for outdoor use.
The adjacent 0.16-acre lot on the south side of the building is included in the sale, providing additional outdoor and operational flexibility.
While the property has been used as a restaurant, it could be utilized for a variety of endeavors, subject to applicable requirements.
The adjacent 0.16-acre lot on the south side of the building is included in the sale, providing additional outdoor and operational flexibility.
While the property has been used as a restaurant, it could be utilized for a variety of endeavors, subject to applicable requirements.
Key Highlights
- Renovated 1955 building currently set up for restaurant use in Warren
- Majority of the restaurant equipment stays with the property
- Building is renovated and up to code prior to the recent tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,559
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,180
$311.2K
Cap Rate 7%
$222,271
$222.3K
Cap Rate 9%
$172,878
$172.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$22.5K $15.00/SF
− Vacancy
−$1.8K −$1.17/SF
EGI
$20.7K $13.83/SF
− OpEx
−$5.2K −$3.46/SF
NOI
$15.6K $10.37/SF
Area
Cochise County, AZ
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,180
Cap Rate 7%
$222,271
Cap Rate 9%
$172,878
Alternative Uses
Best Use
Specialty Retail
$222.3K
$194.5K – $259.3K
NOI $15,559 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
227
Businesses Nearby
3k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Conoco
Shops & Services
3,420 visits/mo
0.3 miles
Demographics for 85603, AZ
6,342
Population
4,183
Households
1.5
Avg Household Size
55
Median Age
30%
College-Educated
90%
High-School Grad
227.6 sq mi
ZIP Area
28
Density / Sq Mi
$46,509
Median Household Income
$27,690
Median Earnings
$835
Median Rent
$204,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated 1955 restaurant building includes majority of equipment and a back covered patio, plus an adjacent lot.
Where is this conventional restaurant located?
The property is located at 412 Arizona Street Bisbee, AZ.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Renovated 1955 building currently set up for restaurant use in Warren; Majority of the restaurant equipment stays with the property; Building is renovated and up to code prior to the recent tenants
