Technical
Financial
Distress signals
Property profile

69 Main St Bisbee, AZ 85603

FOR SALE
Retail properties & Spaces
Property ID
US07-0174554
10,595 SF 1 ac lot Built 1900
Entity Owned 8-yr Hold ~ Est. High Equity
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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

Location

69 Main St Bisbee, AZ 85603
Bisbee metro Census 1000 SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA
Google Maps

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

since 2018
3 recorded transactions
2018
$330,000
2005
$385,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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