61 Main Street, Bisbee, AZ 85603

$1,050,000
Property Type: Commercial Square Footage: 8,311 Lot Size (sq. ft.): 212 Status: Closed
Current Price: $1,050,000 List Date: 3/05/2019 Last Modified: 12/10/2024

Overview

Description

The Bisbee Grand Hotel A Bed and Breakfast Inn of Victorian Elegance is located on Main St in the Bisbee Historic District. The hotel has seven suites and six rooms all appointed with different themes. The Grand Saloon is a full service bar and the restaurant's kitchen has been recently upgraded. Turn key operation all fixtures furnishings and series six liquor license are included. Owner/Agent. Excellent cash flow business with huge upside potential.

Listing Details MLS# 21824445

Address Information

Street #
61
Street Name
Main
Suffix
Street
State/Province
AZ
Zip Code
85603
County
Cochise
Country
USA

Location, Tax & Legal

Tax Code
103-62-005
Area
Cochise
Tax Year
2017
Taxes
14028.92
Assessments
0
Legal Description
LONG LEGAL DESCRIPTION AT LISTING OFFICE
Municipality/Zoning
Bisbee - Call
Fire Protection
Included in Taxes
FEMA Flood Zone
Yes
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Hotel/Motel
Construction Status
Existing
# Units
Yes
Multi-Tenant
No
Year Built
1900
Lot Dimensions
Call Listing Broker for Maps and Assistance
Lot Acres
0.15
Lot Sqft
6534
Lot Size Source
Assessor
Combined SqFt
8311
Source of SqFt
Owner
List Price/SqFt
167.25
Lot Size Price/SqFt
212.73
Total Parking
0

Property Features

Construction: Brick Main Cooling: Central Air; Evaporative Cooling; None Main Heating: Forced Air; Natural Gas Gas: Natural Sewer: Connected Water: Public Security: None Landscape - Front: None Landscape - Rear: None Road Type: Paved Parking: Public Parking Traffic Count: Unknown Terms: Cash; Conventional; Owner Carry; Submit Submit With Offer: Digital Signature Accepted; Proof of Funds Property Disclosures: County Parcel Info; Flood Plain; Lead Based Paint; Plat Map Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2019-03-23
Pending Date
2019-03-29
Sold Date
2019-04-24
Sold Price/SqFt
126.34
Lot Sz Sold Prc/SqFt
160.7
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
On Main Street in the Bisbee Historic District

Analysis

Cap Rate %
10

Expenses

Figures Presented
Actual
Admin Expenses
0
Captial Expenses
0
Contract Services
0
Gas/Electric
0
Insurance
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Water/Sewer
0
Other Expenses
0

Space Information

Ceiling Height
14ft

Electric

Electric Company
APS

Submit With Offer

Seller Title Company
Stewart Title
Digital Signature Accepted
Yes
Proof of Funds
Yes

Gas

Natural
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Road Type

Paved
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes
None
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes
Submit
Yes

Security

None
Yes

Sold Info

Seller Concessions
0

Landscape - Front

None
Yes

Landscape - Rear

None
Yes

Parking

Public Parking
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Traffic Count

Unknown
Yes

Property Disclosures

County Parcel Info
Yes
Flood Plain
Yes
Lead Based Paint
Yes
Plat Map
Yes

Special Conditions

None
Yes
Listing Office: Centra Realty
IDX
Last Updated: December - 10 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
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