61 Main StBisbee, AZ 85603

Property Details for 61 Main St

Year built

1900

Construction

CONCRETE

Lot size

0.13 AC

Property size (Sq ft)

8,311 SF

Property type

Hospitality properties

Property subtype

Motels

APN

103-62-005

APU

10362005

Description

The Historic Bisbee Grand Hotel, located at 61 Main Street in the heart of downtown Bisbee, Arizona, presents a unique investment opportunity. This charming 8,311 square foot property sits on a 0.15-acre lot and boasts 13 guest rooms, including five spacious suites. The hotel also features a fully operational bar and restaurant, creating a synergistic revenue stream. The establishment is known for its blend of historical charm and modern amenities, further enhanced by its popular live entertainment offerings. This turnkey operation has a proven track record of success, generating consistent income from room rentals, food and beverage sales, and entertainment events. The hotel's prime location in Bisbee's vibrant tourism district ensures continued high occupancy rates and strong revenue potential. The property's historical significance adds to its appeal, attracting both history buffs and those seeking a unique and memorable experience. This is a rare chance to acquire a well-established and profitable business in a desirable location, offering immediate returns and significant long-term growth potential. The asking price for this exceptional property is $2,750,000. The hotel's existing reputation and loyal customer base provide a solid foundation for continued success under new ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $935,344

  6.5%

  $863,395

  7%

  $801,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,249,934

  Geo Method

  $3,249,934

• Alternative Use

  Use

  Valuation

  Residential

  $942,576

  Hospitality

  $863,395

  Educational

  $718,334

  Medical

  $743,039

  Retail

  $1,117,409

Location Insight

City

Bisbee

County

Cochise

State

Arizona

Latitude

31.4416

Longitude

-109.917

CBSA code

43420

CBSA name

SIERRA VISTA-DOUGLAS, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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