Restaurant Building with
412 Arizona St Bisbee, AZ 85603
412 Arizona St, Bisbee, AZ, 85603
$339,000
For Sale
$339,000
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 Market104
Property Features for 412 Arizona St
General Information
- Standard status
- Active
- Size
- 1,500 SF
Listing agency
Tierra Antigua Realty, LLC
(520) 720-7376
Listed by
Kimberly Ewing · License #SA657293000
(520) 720-7376
Source
Exprealty
Added: Apr 10 Updated: Jul 22 at 3:37PM Checked: Jul 22 at 3:37PM
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.5k | $15.00 |
| − Vacancy | −$1.8k | −$1.17 |
| EGI | $20.7k | $13.83 |
| − OpEx | −$5.2k | −$3.46 |
| NOI | $15.6k | $10.37 |
1,500 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
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 St 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
