13-Room Brick
61 Main Street, Bisbee, AZ 85603
For Sale
$1,600,000
Commercial Sale, Bisbee, AZ
Property Size8,311 SF
Lot Size0.15 Acres
Price / SF$192.52
Days on Market1144
Property Features for 61 Main Street
General Information
Property type
Property subtype
Zoning
Directions
Subdivision
Standard status
APN
Size
Lot size
Additional Details
Business Included
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Building Details
Year built
Building materials
Listing Agency:
Realty Executives Arizona Territory · Realty Executives International
(520) 877-4940
Listed By:
Victoria C Falcone · License #BR116567000
(520) 981-8552
Added: Sep 21, 2023
Changed: Nov 4
Last Checked: Nov 7 at 6:06AM
MLS# 22320774
Copyright © 2026 Multiple Listing Service of Southern Arizona. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The 1900-built hotel occupies an 8,311-square-foot property on 0.15 acres and features brick construction. The lodging layout includes 13 rooms, with five large suites, along with a bar and a larger stage for live shows and events. Heating is provided through heat pump, natural gas, forced-air, and wall-furnace systems; cooling options include evaporative, heat-pump, central-air, and wall-unit systems.
Located at 61 Main Street in downtown Bisbee, the property is positioned within the city’s established visitor-oriented setting. Public water serves the site, and the zoning designation is Bisbee - Call. The combination of guest accommodations, event infrastructure, and on-site bar space supports continued hotel and hospitality use.
Located at 61 Main Street in downtown Bisbee, the property is positioned within the city’s established visitor-oriented setting. Public water serves the site, and the zoning designation is Bisbee - Call. The combination of guest accommodations, event infrastructure, and on-site bar space supports continued hotel and hospitality use.
Key Highlights
- 13‑room hotel with 5 large suites
- 8,311 square feet on 0.15 acres
- Built in 1900 with brick construction
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
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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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 - Downtown Bisbee lodging property with suites, a bar, and live-event space.
Where is this hotel located?
The property is located at 61 Main Street 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 on 0.15 acres; Built in 1900 with brick construction
