81 Main St Bisbee, AZ 85603
- Retail space
- 5,196 SF
- 1.00 lot acres
Current Use by Public Records
- Retail space
Property Details for 81 Main St
- Year built
- 1900
- Construction
- CONCRETE
- Lot size
- 1.00 lot acres
- Property size
- 5,196 SF
- Property type
- Retail space
- APN
- 103-62-002
- APU
- 10362002
Description
This unique two-story commercial property at 81 Main Street, Unit 81, in the heart of historic downtown Bisbee, Arizona, presents a compelling investment opportunity. The building boasts a total of 5,200 square feet, with each floor encompassing 2,600 square feet. The ground floor is perfectly suited for retail or office space, offering excellent street-level visibility and accessibility. The second floor, with its impressive vaulted ceilings, abundant natural light from skylights, and beautiful hardwood flooring, provides a versatile space adaptable to various uses. Plumbing is already in place for a bathroom on the second floor, simplifying any future renovations. The property has been meticulously maintained and features recent upgrades to the electrical system and HVAC, ensuring efficient and comfortable operation. Potential buyers have the flexibility to purchase the building empty, allowing for complete customization to their specific needs and vision. Alternatively, the property is also available for purchase with existing consignments, providing an immediate customer base and the opportunity to collaborate with established local artists. The seller is committed to assisting buyers and offers support in securing an SBA loan, requiring only a 10% initial investment. This is a rare chance to own a piece of Bisbee's vibrant downtown, with the seller's assistance making the dream of owning this property a realistic possibility. The property sits on a 0.06-acre lot.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $455,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $470,000
- 6.5%
- $420,000
- 7%
- $455,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $480,000
- Geo Method
- $485,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $465,000
- Retail
- $465,000
- Mixed-Use
- $510,000
- Hospitality
- $425,000
- Educational
- $525,000
- Residential Income
- $500,000
- Energy
- $500,000
- Income-Based Land
- $490,000
- Food Service
- $430,000
Location Insight
- Map
- Local Demand
- City
- Bisbee
- County
- Cochise
- State
- Arizona
- Longitude
- -109.918
- Latitude
- 31.4414
- CBSA code
- 43420
- CBSA name
- SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA