Downtown Bisbee Retail Storefronts For
For Sale
$348,000
Pending
31 Subway Street, Bisbee, AZ 85603
Three separate retail spaces in historic downtown Bisbee.
Property Size2,603 SF
Days on Market217
Property Features for 31 Subway Street
General Information
Standard status
Pending
Size
2,603 SF
Property subtype
Comm/industry Sale
Listing Agency:
Eliza Adams Real Estate
Listed By:
Elizabeth Adams · License #BR656010000
(518) 755-3562
Source:
Karensauer
Added: Mar 26
Changed: Oct 26
Last Checked: Oct 26 at 3:26PM
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 Eliza Adams Real Estate
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Investment Insights
Based on property information with market context.
Located in downtown Old Bisbee, this property features 2,603 square feet divided into three separate retail spaces or storefronts. Each unit is approximately 820 square feet and includes separate entrances, large display windows, and 15-foot ceilings. Each unit also has its own separate utility meter. Recent improvements to the property include a new HVAC system, a new roof, upgraded electrical and plumbing systems, new interior and exterior paint, and the addition of two bathrooms, ensuring that each unit has its own bathroom.
Key Highlights
- Prime Downtown Old Bisbee location
- Three separate retail spaces/storefronts, each approximately 820 sq ft, offering diverse leasing or business opportunities.
- Recent comprehensive renovations including a new HVAC system, new roof, upgraded electrical and plumbing, and new paint.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,802
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,040
$336.0K
Cap Rate 7%
$240,029
$240.0K
Cap Rate 9%
$186,689
$186.7K
Market Conditions
NOI Build-Up for 2,603 SF
Gross rent
$29.7K $11.40/SF
− Vacancy
−$5.7K −$2.18/SF
EGI
$24.0K $9.22/SF
− OpEx
−$7.2K −$2.77/SF
NOI
$16.8K $6.46/SF
Area
Cochise County, AZ
Vacancy
19.11%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,040
Cap Rate 7%
$240,029
Cap Rate 9%
$186,689
Alternative Uses
Best Use
Retail
$240.0K
$210.0K – $280.0K
NOI $16,802 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$385.7K
$337.5K – $450.0K
NOI $27,000 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Storefront property - Three separate retail spaces in historic downtown Bisbee.
Where is this storefront property located?
The property is located at 31 Subway Street Bisbee, AZ.
What is the asking price?
The asking price for this property is $348,000.
What are key features of this property?
This property features: Prime Downtown Old Bisbee location; Three separate retail spaces/storefronts, each approximately 820 sq ft, offering diverse leasing or business opportunities.; Recent comprehensive renovations including a new HVAC system, new roof, upgraded electrical and plumbing, and new paint.
