For Sale
$1,670,000

1 Howell AveBisbee, AZ 85603

Historic Downtown Bisbee building, high returns, seller financing.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional mixed-use property, located at the heart of Bisbee's Historic Downtown Entertainment District (1 & 5 Howell Ave), presents a unique investment opportunity. The Brinley Building, a meticulously renovated 6,107 square foot (5,098 sq ft + 1,009 sq ft basement) structure built in 1902, boasts a prime corner location at Howell and Brewery Avenues. The property comprises a 6-suite hotel with a consistently strong 74% occupancy rate and a 65-seat restaurant space, previously home to the award-winning Santiago's Mexican Restaurant. A comprehensive $1.4 million renovation in 2000, including the painstaking replacement of every brick, ensures the building's historical charm is preserved. Recent upgrades (2018) include a new grease trap and sewer main line replacement. The property offers a 17.27% cap rate, previously exceeding 15% when both the hotel and restaurant operated at full capacity. The building features 12.1 to 14-foot ceilings and is zoned for commercial use. Seller financing is available to qualified buyers. The property is offered at $1,670,000. All potential buyers are responsible for verifying all information and obtaining necessary permits and licenses. A minimum of 24-hour notice and proof of funds or pre-qualification are required for showings.

Highlights

  • Seller financing available to qualified buyers.
  • Prime location at the corner of Howell and Brewery Avenues in Bisbee's Historic Downtown Entertainment District.
  • 6,107 sq ft building (5,098 sq ft + 1,009 sq ft basement) with a 6-suite hotel and a 65-seat restaurant.
  • Recently renovated ($1.4M in 2000), with recent upgrades including a new grease trap and sewer main line replacement (2018).
  • Historically high returns; previously achieved a 15% cap rate, hotel maintains 74% occupancy.

Property Details for 1 Howell Ave

Property type
Retail properties, Restaurants
Square Feet
5,098 SF
Year Built
1902
Buildings
1
Stories
2

Location Insight

City
Bisbee
County
Cochise
State
Arizona
Latitude
31.442170695633
Longitude
-109.91393497586
1 Howell Ave, Bisbee, Arizona

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1 Howell Ave
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