69 Main St Bisbee, AZ 85603-9901
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.