Historic 13-Room
For Sale
$1,600,000
61 Main St, Bisbee, AZ 85603
Hospitality property with five suites, a bar, and an event stage in downtown Bisbee.
Property Size8,311 SF
Price / SF$192.52
Days on Market478
Property Features for 61 Main St
General Information
Standard status
Active
Size
8,311 SF
Property subtype
Commercial
Additional Details
Business Included
Yes
Building Details
Year Built
1900
Listing Agency:
Realty Executives Arizona Territory
Listed By:
Victoria C Falcone · License #BR116567000
(520) 981-8552
Source:
Searchallarizonahouses
Added: Jun 26, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:39PM
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 Realty Executives Arizona Territory
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Investment Insights
Based on property information with market context.
Built in 1900, this 8,311-square-foot hotel includes 13 guest rooms, five of them configured as larger suites. The property also features a bar and a larger stage for live shows and events, creating an operating format that combines lodging with on-site entertainment.
The hotel is located on Main St in downtown Bisbee, Arizona, a setting identified in the property information as part of the area’s tourism industry. Its established room, beverage, and event components provide a defined hospitality configuration for continued operation.
The hotel is located on Main St in downtown Bisbee, Arizona, a setting identified in the property information as part of the area’s tourism industry. Its established room, beverage, and event components provide a defined hospitality configuration for continued operation.
Key Highlights
- 13‑room hotel with 5 large suites
- 8,311 square feet of hotel space
- Built in 1900
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,206
Cap Rate
5.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,724,120
$1.7M
Cap Rate 7%
$1,231,514
$1.2M
Cap Rate 9%
$957,844
$957.8K
Market Conditions
NOI Build-Up for 8,311 SF
Gross rent
$124.7K $15.00/SF
− Vacancy
−$9.7K −$1.17/SF
EGI
$114.9K $13.83/SF
− OpEx
−$28.7K −$3.46/SF
NOI
$86.2K $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%
$1,724,120
Cap Rate 7%
$1,231,514
Cap Rate 9%
$957,844
Alternative Uses
Best Use
Specialty Retail
$1.23M
$1.08M – $1.44M
NOI $86,206 @ 7.0% cap · market cap 5.39%
Second Best
Hotel Hospitality
$607.0K
$531.2K – $708.2K
NOI $42,493 @ 7.0% cap · market cap 2.66%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
434
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
7,137 visits/mo
0.4 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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Hotel - Hospitality property with five suites, a bar, and an event stage in downtown Bisbee.
Where is this hotel located?
The property is located at 61 Main St Bisbee, AZ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 13‑room hotel with 5 large suites; 8,311 square feet of hotel space; Built in 1900
