1 Howell Avenue Bisbee, AZ 85603
UPDATED:
09/10/2024 02:34 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Copper Jack
MLS Listing ID 6561637
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1902
Annual Tax Amount $11,697
Tax Year 2022
Lot Size 2,775 Sqft
Acres 0.06
Lot Dimensions irregular
Property Description
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.
Location
State AZ
County Cochise
Community Copper Jack
Zoning Commercial
Direction Corner of Howell Ave and Brewery Ave, Historic District Old Bisbee
Interior
Heating See Remarks, Natural Gas
Cooling See Remarks, Central A/C
Flooring Ceramic Tile, Vinyl, Wood, Concrete
Exterior
Garage Public Parking
Fence None
Roof Type Built-Up
Present Use Restaurant,Mixed Use,Service Business,Bar
Building
Dwelling Type Commercial
Sewer Sewer-In & Connected, Public Sewer
Water Private Franchise
New Construction No
Others
Senior Community No
Tax ID 103-62-158-A
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