Renovated Historic Restaurant
For Sale
$995,000
72-78 Main Street, Bisbee, AZ 85603
Commercial Sale, Bisbee, AZ
Property Size3,586 SF
Lot Size0.07 Acres
Price / SF$277.47
Days on Market237
Property Features for 72-78 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Bisbee - Call
Security features
Security Lighting
Lot features
Corner Lot
Directions
Located on Mainstreet next to Busy Bee public parking across from the Grand Hotel
Subdivision
Cochise
Standard status
Active
APN
103-62-430A
Size
3,586 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Sur To Depth Of 40' Loc On Copper Prince Mng Claim Survey #285 Wa Rren Mng Dist By M&B Beg At Nw Cor Copper Queen Mng Cl
Tax Annual Amount
3947
Legal Description
Sur To Depth Of 40' Loc On Copper Prince Mng Claim Survey #285 Wa Rren Mng Dist By M&B Beg At Nw Cor Copper Queen Mng Cl
Utilities
Heating system
Natural Gas
Cooling system
Central Air, Evaporative Cooling
Building Details
Year built
1900
Building materials
Block
Roof type
Built-Up
Listing Agency:
Tierra Antigua Realty
(520) 439-8888
Listed By:
Denise Loth
(520) 366-2992
Added: Mar 1
Changed: Oct 20
Last Checked: Oct 24 at 1:06AM
MLS# 22605590
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.
Located at 72-78 Main Street in Bisbee’s Historic District, this 3,586-square-foot commercial building dates to 1900 and has been substantially renovated. The property is arranged as three restaurant spaces within one structure, with two occupied spaces and one vacant area configured for restaurant use.
The available space includes a 10-foot Type 1 hood with fire suppression, walk-in refrigerator, high-heat commercial dishwasher, deck oven, grease trap system, floor drains, upgraded plumbing and electrical, and 200A service. Additional improvements include custom tile, white oak flooring, a skylight, bar infrastructure, 3- and 5-ton HVAC units, a new PEX main water line, and dual 4-inch PVC waste lines. Construction is block with a built-up roof, natural gas heating, evaporative cooling, and central air.
The building is adjacent to one of Bisbee’s largest free public parking lots and benefits from foot traffic and visibility. The vacant component may also support residential conversion for a live/work or mixed-use configuration, subject to applicable requirements.
The available space includes a 10-foot Type 1 hood with fire suppression, walk-in refrigerator, high-heat commercial dishwasher, deck oven, grease trap system, floor drains, upgraded plumbing and electrical, and 200A service. Additional improvements include custom tile, white oak flooring, a skylight, bar infrastructure, 3- and 5-ton HVAC units, a new PEX main water line, and dual 4-inch PVC waste lines. Construction is block with a built-up roof, natural gas heating, evaporative cooling, and central air.
The building is adjacent to one of Bisbee’s largest free public parking lots and benefits from foot traffic and visibility. The vacant component may also support residential conversion for a live/work or mixed-use configuration, subject to applicable requirements.
Key Highlights
- 3,586‑square‑foot commercial building constructed in 1900
- Three restaurant spaces under one roof; two are leased and one is vacant
- 10‑foot Type 1 hood, walk‑in refrigerator, deck oven, dishwasher, and grease trap system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,196
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,920
$743.9K
Cap Rate 7%
$531,371
$531.4K
Cap Rate 9%
$413,289
$413.3K
Market Conditions
NOI Build-Up for 3,586 SF
Gross rent
$53.8K $15.00/SF
− Vacancy
−$4.2K −$1.17/SF
EGI
$49.6K $13.83/SF
− OpEx
−$12.4K −$3.46/SF
NOI
$37.2K $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%
$743,920
Cap Rate 7%
$531,371
Cap Rate 9%
$413,289
Alternative Uses
Best Use
Specialty Retail
$531.4K
$465.0K – $619.9K
NOI $37,196 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
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
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Yes
Commercial hood
Yes
Grease trap
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?
Conventional restaurant - Three restaurant spaces combine preserved historic character with upgraded kitchen systems and a flexible vacant component.
Where is this conventional restaurant located?
The property is located at 72-78 Main Street Bisbee, AZ.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,586‑square‑foot commercial building constructed in 1900; Three restaurant spaces under one roof; two are leased and one is vacant; 10‑foot Type 1 hood, walk‑in refrigerator, deck oven, dishwasher, and grease trap system
