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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

115 Jerome Ave Jerome, AZ 86331

950 SF 0.11 ac lot Built 1929
Property ID
Property summary
AI-generated overview

This turnkey restaurant opportunity in historic Jerome, Arizona, presents a unique chance to own a thriving business in a high-traffic location. Located at 115 Jerome Ave, this 950-square-foot establishment, built in 1929, boasts a prime spot in a town attracting approximately one million visitors annually. The Miner's Cafe, established in 2023, comes complete with existing staff support for a two-week transition period (with potential for longer-term arrangements). The sale includes the transferable liquor license, existing name, merchandise, website, and social media presence. All visible fixtures and equipment, plus additional extras, are included in the asking price of $160,000 ($168.42/sq ft). The seller is offering financing options with a reasonable down payment. A Toast POS system provides comprehensive sales and payroll tracking. The property sits on a 0.11-acre lot and is zoned C-1. The building is a two-story structure. A one-year lease with the Jerome Historical Society will be required upon the new owner's signing. The current lease amount is $1,347 per month. This is an exceptional opportunity to acquire a well-established restaurant with significant potential for growth in a vibrant tourist destination.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1929
Total area 950 SF
Lot 0.11 ac (4,792 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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