1 Howell AveBisbee, AZ 85603

Property Details for 1 Howell Ave

Year built

1902

Property size (Sq ft)

5,098 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Bisbee

County

Cochise

State

Arizona

Latitude

31.4422

Longitude

-109.914

FAQs

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