1 Cochise RowBisbee, AZ 85603

Property Details for 1 Cochise Row

Year built

1960

Lot size

7.04 AC

Property size (Sq ft)

183,823 SF

Property type

Mixed-use properties

Property subtype

Other warehouses

Description

This exceptional Bisbee, Arizona investment opportunity presents a 183,823-square-foot industrial and mixed-use property, encompassing three single-story buildings on a 7.04-acre lot. The property features 56,850 square feet of net rentable space, currently 95% occupied, divided into 78 storage units (20,510 sq ft) and six industrial units (36,340 sq ft). A 1,158-square-foot manager's residence is also included. Renovated in 2006, the property boasts a current NOI of $79,916 and a pro-forma NOI of $460,254, reflecting a significant upside potential. The asking price is $3,800,000, representing a price per square foot of $20.67 and a price per unit of $45,238.10. The property is zoned for warehouse and commercial use, offering room for future expansion. Located at 1 Cochise Row, 85603, the property benefits from its proximity to Copper Queen Community Hospital, Bisbee Senior High School, and residential areas. Current rents are significantly below market rates, presenting a compelling value-add opportunity with substantial potential for rent increases. The property's strong occupancy and below replacement cost pricing make it an attractive investment. Built in 1960, this asset offers a compelling blend of established income and future growth potential. The property's location in Bisbee, Arizona, provides access to a strong demand for industrial and mini-storage space.

Location Insight

City

Bisbee

County

Cochise

State

Arizona

Latitude

31.4192

Longitude

-109.887

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