1 Howell Avenue Bisbee, AZ $ 1,670,000
1 Howell Avenue
$ 1,670,000
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1 Howell Avenue

Bisbee, AZ, 85603
$ 1,670,000
Baths0.0 Sq 5,098

Monthly Estimate*

$ 11,665

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Studio

Commercial Property for sale in Bisbee, AZ

for $1,670,000. This 5,098 square foot building was built in 1902 on a lot size of 0.06.

Seller Financing Available to Qualified Buyers! This is an incredible opportunity to purchase this gorgeous building at the corner of Howell and Brewery - the heart and focus of the Entertainment District in Historic Downtown Old Bisbee. Be in first position for capturing hungry and thirsty visitors and locals alike. The Brinley Building houses the former multi-year award winning Santiago's Mexican Restaurant and continuously top-rated, thriving, Hotel San Ramon. Built in 1902, the 5,098 sq ft building, with 1,009 sq ft basement, includes the 6-suite hotel, separate lobby and the 65-seat restaurant space at street level. Undergoing a complete $1.4M meticulous historical renovation in 2000, going as far as removing each brick one by one and numbering them for return to its proper place, the building has been lovingly cared for, upgraded and updated in all the right places. Including, in 2018, new grease trap, replacement of sewer main line through the building, plumbing and new connection to the City was completed. When both entities were fully operational together, conservatively, a 15% cap rate was easily realized. The Hotel San Ramon enjoys a consistently vibrant 74% occupancy rate. As an experienced restaurateur and business person, one can recognize what an incredible opportunity this is before you. Affectionately dubbed, The Vigneaux Corner, the family ties run deep spanning over a century and predating Arizona Statehood. It is time for the next family legacy to be born and carry the torch forward. Revive Santiago's? Repurpose the space? The choice is up to you. You can afford this, ask me about the Seller Financing Terms available to qualified buyers! Shown with a minimum of 24-hours notice and only with proof of funds or pre-qualification from a verifiable financial institution. The Brinley Building includes addresses 1 and 5 Howell Ave. Buyer to verify all facts and figures important to them, as well as any local & state business permitting, licensing & requirements.

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Commercial Active

Price

$ 1,670,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 11,697

Style

Comm/Industry Sale

Lot Size

0.06

Year Built

1902

Town/City

Bisbee

County/Region

Cochise

MLS | Web ID

6561637

Features
General
Sewer Sewer-In & Connected Public Sewer
Heating See Remarks Natural Gas
Cooling See Remarks Central A/C
Roof Built-Up
Zoning Commercial
Construction Materials Frame - Wood Curtain Wall Brick
Year Built 1902
Electric 220 Volts Master Meter APS
Tax Year 2022
Percent Ownership Fee Simple
Gross Income 1253097.0
Business Type Other See Remarks Bar Restaurant Service Business Mixed Use
County Cochise
Net Operating Income 288442.0
Operating Expense 11697.0
Property Type Comm/Industry Sale
Attached Garage N
Subdivision Name COPPER JACK
Building Features Basement Kitchen Skylight(s)
Status Active
Directions Corner of Howell Ave and Brewery Ave Historic District Old Bisbee
City Bisbee
Buyer Agent Compensation 2.50
Disclosures Vicinity of an Airport Seller Prop Disc Stm
View Y/N N
Open Parking Spaces 0.0
Lot Size Square Feet 2775.0
Carport Y/N N
Street Name Howell
Tax Annual Amount 11697.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 358
Structure Type Commercial
Standard Status Active
Occupancy Type Owner
Tax Lot ON
Cap Rate 17.27
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community N
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Interior
Flooring Ceramic Tile Vinyl Wood Concrete
Street Suffix Avenue
Electric On Property Y/N N
Total Baths 0
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Exterior
Fencing None
Parking Features Public Parking
Water Source Private Franchise
Total Parking 0.0
Lot Size Area 2775.0
Number of Buildings 1
Spa N
Lot Dimensions irregular
Lot Size Acres 0.06
Road Surface Type Asphalt Sidewalk(s)
Lot Size Units Square Feet
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1
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* Excluded Features
List By
Keller Williams Arizona Realty

Broker

debrasotorealtor@gmail.com

Email

Affordability Calculator

$12,640
Per Month
92%
8%
0%
Monthly Principal & Interest
$11,665
Monthly Property Taxes
$975
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/14/2023$1,670,000 -12.11% Price Down
5/26/2023$1,900,000 Listed Price

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1 Howell Avenue, Bisbee, AZ, 85603 is a Commercial Property for sale at $1,670,000 with 5,098 sqft and a lot size of 0.06. 1 Howell Avenue is a studio with 0.0 baths and was built in 1902. The property's zip code is 85603 which is in Bisbee, AZ