$327.58 Per Sq Foot $8,965 est/mo Sourced by Back At You

1 Howell Avenue,Bisbee, AZ 85603

Bisbee AZ, 85603

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Description

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.

Details

MLS#6561637
Listing TypeFor Sale
Sub-TypeFor-sale
StatusActive
Year1902
Days On Site369
Listing Provided ByKeller Williams Arizona Realty | Debra Soto

Features

SQ Feet5,098
Building(s)1
ZoningCommercial
Acreage0.06

Market Activity 85603

The information is being provided by Arizona Regional Multiple Listings Service. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Arizona Regional Multiple Listings Service. All Rights Reserved.

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Learn More About This Property

StateAZ
CountyCochise
CityBisbee
Zip Code85603
AreaCochise
Community NameCOPPER JACK
Listing VS Median (in COPPER JACK)
Price:
$1,670,000
low | high
Med:
$1,670,000
50% of Average
SqFt:
5,098
low | high
Med:
5,098
50% of Average
$ / SqFt:
$328
low | high
Med:
$328
50% of Average
On Site:
369
low | high
Med:
369.000000
100% of Average
Sourced by Back At You
Listing Updated: April 24, 2024 at 2:01:04 PM PDT