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Property profile & analytics
OFF-MARKET Estimated value $680,000
Retail properties & Spaces

69 Main St Bisbee, AZ 85603-9901

10,595 SF 1 ac lot Built 1900
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US07-0174554
Property summary
AI-generated overview

This exceptional three-story, 10,000-square-foot mixed-use building in historic Bisbee, Arizona, presents a unique investment opportunity. Originally the Palace Livery, this Class C property boasts a fascinating history, including a functional horse elevator. Built in 1912 and renovated in 2021, it features three 3,333-square-foot floor plates, with the first floor offering prime Main Street window frontage. High ceilings, exposed brickwork, and poured concrete on the second floor add to its character. Large operable windows on the third floor provide ample natural light. Currently configured as retail space on the first two floors and storage on the third, the property offers diverse redevelopment potential, including hotel rooms, expanded restaurant space, or additional retail. The current tenant lease expires in August 2023, with a 90-day cancellation clause. Priced at $750,000 ($75 per square foot), this single-unit property is an owner-user investment. The building's unique features and prime location in a thriving historic district make it an attractive proposition for a variety of uses.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1900
Construction CONCRETE
Total area 10,595 SF
Lot 1 ac (43,560 SF)
APN 103-62-003A
UPID US07-0174554
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
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$681k
Blend (final) Blend
$680k
Owner & transaction history
69 Main Street Bisbee LLC · 8 yrs held
69 Main Street Bisbee LLC
since 2018
3 recorded transactions
2018
$330,000
2005
$385,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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