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1 Howell Avenue

Bisbee, AZ 85603
  • $1,670,000
  • STATUS: Active
  • ON SITE: 532 Days
  • MLS #: 6561637
UPDATED: 55 min ago
$1,670,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,098
    SQFT
  • $328
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1902
County:
Area:

School Ratings & Info

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.

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Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2024-11-09T19:13:35.81.
www.yournextphoenixhome.com/homes/139953370
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1 Howell Avenue Bisbee, AZ 85603

  • Price: $1,670,000
  • Status: Active
  • On Site: 532 Days
  • Updated: 55 min ago
  • MLS #: 6561637
0
Beds
0
Baths
0
½ Baths
0.06
Acres
5,098
SQFT
$328
$/SQFT
1902
Built
Neighborhood:
Copper Jack
County:
Cochise
Area:
Bisbee
Property 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.
Exterior Features

Attached Garage YN No Construction Materials Frame - WoodCurtain WallBrick Covered Spaces 0 Fencing None Open Parking Spaces 0 Parking Features Public Parking Road Surface Type AsphaltSidewalk(s) Roof Built-Up

Interior Features

Cooling See RemarksCentral A/C Heating See RemarksNatural Gas

Property Features

Disclosures Vicinity of an AirportSeller Prop Disc Stm Flood Zone Yes Flooring Ceramic TileVinylWoodConcrete Gross Income 1253097 Ownership Fee Simple Sewer Sewer-In & ConnectedPublic Sewer Structure Type Commercial Tax Annual Amount 11697 Tax Year 2022 Water Source Private Franchise Zoning Commercial

Arizona Regional MLS logo Listing provided by Keller Williams Arizona Realty: 520-236-6144 .


Arizona Regional MLS logo© 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Elite Home Advisors | Keller Williams Realty Phoenix. Data last updated 2024-11-09T19:13:35.81.
 
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Elite Home Advisors | Keller Williams Realty Phoenix
4862 E Baseline Rd
Mesa AZ, 85206