Historic Bisbee Commercial
72-78 MAIN Street Bisbee, AZ 85603
72-78 MAIN Street, Bisbee, AZ, 85603
$995,000
For Sale
$995,000
Renovated historic building with restaurant spaces and mixed-use potential.
Property Size3,586 SF
Price / SF$277.47
Days on Market136
Property Features for 72-78 MAIN Street
General Information
- Standard status
- Active
- Size
- 3,586 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1900
Listing Agency
Tierra Antigua Realty, LLC
(520) 366-2992
Listed by
Denise Loth · License #SA642027000
(520) 366-2992
Source
Exitrealty
Added: Mar 2 Checked: Jul 15 at 9:18 pm
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.
Located in the heart of Bisbee's Historic District, this 3,586 sq ft historic commercial building, dating back to approximately 1900, presents a prime investment opportunity on Main Street. The property has undergone extensive renovations, combining preserved character with modern infrastructure upgrades. It is currently configured as three restaurant spaces under one roof. Two spaces are leased to established operators, while one large space is nearly turnkey and available. The vacant space offers flexible potential and may be converted to residential use, offering live/work or mixed-use opportunities. The vacant space includes a 10-ft Type 1 hood with fire suppression, a walk-in refrigerator with a new cooling system, a commercial high heat dishwasher, a deck oven, a grease trap system, upgraded plumbing and electrical systems, 200A service, dedicated circuits, a new PEX main water line, dual 4-inch PVC waste lines, and floor drains throughout. It also features 3- and 5-ton HVAC units, custom tile, white oak floors, a skylight, bar infrastructure with water, power, and draft system capability, and quality finishes. The property is adjacent to one of the largest free public parking lots in town, benefiting from strong foot traffic and visibility. The current cap rate is 2.12% at 2/3 occupancy, with a projected 6.34% at full occupancy (NOI $63,081).
Key Highlights
- Prime Main Street location in the heart of the Bisbee Historic District with high foot traffic and visibility.
- Extensively renovated 3,586 sq ft historic commercial building (circa 1900) with preserved character and modern infrastructure upgrades.
- Currently configured as three restaurant spaces, two of which are leased to established operators, providing immediate income.
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 | $53.8k | $15.00 |
| − Vacancy | −$4.2k | −$1.17 |
| EGI | $49.6k | $13.83 |
| − OpEx | −$12.4k | −$3.46 |
| NOI | $37.2k | $10.37 |
3,586 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$531.4K
$465.0K – $619.9K
NOI $37,196 @ 7.0% cap · market cap 3.74%
Second Best
Retail
$330.7K
$289.4K – $385.8K
NOI $23,148 @ 7.0% cap · market cap 2.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Restaurant - Renovated historic building with restaurant spaces and mixed-use potential.
Where is this 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: Prime Main Street location in the heart of the Bisbee Historic District with high foot traffic and visibility.; Extensively renovated 3,586 sq ft historic commercial building (circa 1900) with preserved character and modern infrastructure upgrades.; Currently configured as three restaurant spaces, two of which are leased to established operators, providing immediate income.
