$1,670,000
UNDER CONTRACT $230K PRICE DROP

1 Howell Ave Bisbee, AZ 85603

Estimated payment $10,199/month

Total Views 19,036
-- Bed
-- Bath
5,098 Sq Ft
$328 Price per Sq Ft

Highlights

  • Wood Flooring
  • Skylights
  • Heating System Uses Natural Gas
  • Community Kitchen
  • Central Air
  • 2-minute walk to Old City Park

About This Home

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.

Listing Agent

Debra Soto

eXp Realty Brokerage Phone: 520-236-6144 License #SA686052000 Listed on: 05/26/2023

eXp Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $11,697

Year Built

  • Built in 1902

Lot Details

  • 2,775 Sq Ft Lot
  • Property is zoned Commercial

Parking

  • Public Parking

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • 5,098 Sq Ft Home
  • Skylights
  • Basement

Flooring

  • Wood
  • Concrete
  • Ceramic Tile
  • Vinyl

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • 220 Volts
  • Private Water Source

Listing and Financial Details

  • Tax Lot ON
  • Assessor Parcel Number 103-62-158-A

Community Details

Overview

  • Building Dimensions are irregular
  • Copper Jack Subdivision

Amenities

  • Community Kitchen

Building Details

  • Operating Expense $11,697
  • Gross Income $1,253,097
  • Net Operating Income $288,442

Property Details

Property Type

Other

Est. Annual Taxes

$11,697

Year Built

Built in 1902

Lot Details

0

Listing Details

  • Cross Street: Howell & Brewery Ave
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Year Built: 1902
  • Tax Year: 2022
  • Directions: Corner of Howell Ave and Brewery Ave, Historic District Old Bisbee
  • Attribution Contact: 520-236-6144
  • Lot Size Acres: 0.06
  • Road Surface Type: Asphalt, Sidewalk(s)
  • Subdivision Name: COPPER JACK
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Construction Brick: Yes
  • Electric 220: Yes
  • Water Source Private Franchise: Yes
  • Special Features: UnderContract
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile, Vinyl, Wood, Concrete
  • Living Area: 5098.0

Exterior Features

  • Fencing: None
  • Disclosures: Vicinity of an Airport, Seller Prop Disc Stm
  • Construction Type: Wood Frame, Curtain Wall, Brick
  • Roof: Built-Up
  • Construction:Frame - Wood2: Yes
  • Construction:Curtain Wall: Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Parking Features Public Parking: Yes

Utilities

  • Electric: 220 Volts, Master Meter, APS
  • Cooling: Central Air, See Remarks
  • Heating: See Remarks, Natural Gas
  • Green Building Features: Basement, Kitchen, Skylight(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Private
  • Heating:Natural Gas: Yes
  • Electric Master Meter: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Skylight(s)2: Yes
  • Amenities:Basement: Yes

Lot Info

  • Lot Size: irregular
  • Lot Size Sq Ft: 2775.0
  • Parcel #: 103-62-158-A

Multi Family

  • Annual Gross Income: 1253097.0
  • Property Net Operating Income: 288442.0
  • Annual Operating Expense: 11697.0

Tax Info

  • Tax Annual Amount: 11697.0
  • Tax Book Number: 103.00
  • Tax Lot: ON
  • Tax Map Number: 62.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,946 $75,587 $2,165 $73,422
2023 $11,269 $75,587 $2,165 $73,422
2022 $11,697 $75,587 $2,165 $73,422
2021 $12,622 $75,587 $2,165 $73,422
2020 $12,658 $0 $0 $0
2019 $12,688 $0 $0 $0
2018 $13,245 $0 $0 $0
2017 $12,564 $0 $0 $0
2016 $11,789 $0 $0 $0
2015 -- $0 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 For Sale $1,670,000 0.0% $328 / Sq Ft
11/30/2023 11/30/23 For Sale $1,670,000 0.0% $328 / Sq Ft
09/29/2023 09/29/23 Off Market $1,670,000 -- --
09/14/2023 09/14/23 Price Changed $1,670,000 -12.1% $328 / Sq Ft
05/26/2023 05/26/23 For Sale $1,900,000 -- $373 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Pioneer Title Agency
Interfamily Deed Transfer -- Pioneer Title Agency
Interfamily Deed Transfer -- Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $308,000 Commercial
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6561637

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-62-158A