41 Main StBisbee, AZ 85603

Property Details for 41 Main St

Year built

1906

Construction

CONCRETE

Lot size

2.00 AC

Property size (Sq ft)

733 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

103-62-183

APU

10362183

Description

This stunning two-story brick building, constructed in 1906, is located in Bisbee's Historic District, a National Historic Landmark. The property boasts a recessed entry and striking arched second-story windows with decorative radiating voussoirs, reflecting the unique architectural style of Bisbee's mining era. Each of the two floors offers approximately 733 square feet of space, totaling roughly 1466 square feet, plus a full basement. The main level currently houses a thriving, tenant-occupied hat shop (tenant's inventory does not convey). This vibrant storefront adds to the charm of Bisbee's Main Street. The second floor is a fully furnished Airbnb, complete with stylish decor which conveys with the sale, offering picturesque views of Main Street. The basement, featuring beautiful brick floors, is currently used for storage but presents significant potential for redevelopment, perhaps as a studio or other unique space. The 0.02-acre lot provides a manageable footprint for this exceptional property. This unique blend of historical charm and modern functionality makes it an attractive investment opportunity in the heart of Bisbee's vibrant cultural scene. The property's location on Main Street ensures high visibility and accessibility. This is a rare chance to own a piece of Bisbee's rich history.

• CAP approach

  CAP return

  Valuation

  6%

  $90,059

  6.5%

  $83,132

  7%

  $77,194

• Comparable approach

  Method

  Valuation

  Relative Method

  $189,055

  Geo Method

  $189,055

• Alternative Use

  Use

  Valuation

  Residential

  $83,132

  Hospitality

  $76,148

  Educational

  $63,354

  Medical

  $65,533

  Retail

  $98,551

Location Insight

City

Bisbee

County

Cochise

State

Arizona

Latitude

31.4418

Longitude

-109.916

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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