101 Main StSuperior, AZ 85173

Property Details for 101 Main St

Year built

1991

Construction

CONCRETE

Lot size

0.09 AC

Property size (Sq ft)

3,750 SF

Property type

Bars

Property subtype

Pubs

APN

106-12-3610

APU

106123610

Description

The Barmacy, located at 101 W Main Street Unit 101, Superior, Arizona, presents a unique investment opportunity. This fully restored 10,000 square foot establishment sits on a 0.23-acre lot at the prime intersection of Magma Avenue and Main Street, ensuring high visibility and foot traffic. The building boasts a meticulously restored interior featuring custom-made western swinging doors, chair railing, bar, bar step, and wainscoting, all crafted from reclaimed 100+ year-old old-growth wood. The ambiance is enhanced by red and gold pendant lights illuminating the bar and elegant glass chandeliers in the dining area. Seven large-screen TVs and a large projection screen cater to entertainment needs. A spacious patio, directly accessible from the bar, provides ample seating for large events and functions. The well-equipped kitchen includes fryers, grills, ovens, stainless steel appliances, a substantial prep area, and large walk-in refrigerator and freezer units. This turnkey operation offers significant potential for continued success and expansion within the thriving Superior community. The asking price is $2,300,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,747,528

  6.5%

  $1,613,103

  7%

  $1,497,882

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,131,731

  Geo Method

  $2,131,731

• Alternative Use

  Use

  Valuation

  Residential

  $1,360,713

  Hospitality

  $1,246,406

  Educational

  $1,036,995

  Medical

  $1,072,659

  Retail

  $1,613,103

Location Insight

City

Superior

County

Pinal

State

Arizona

Latitude

33.2935

Longitude

-111.096

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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