NOT LISTED FOR SALE

27 Subway St Bisbee, AZ 85603

Estimated Value: $2,312,483

Studio
-- Bath
11,102 Sq Ft
$208/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $2,000,000 $180 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $14,414/month

257 Days on Market

Highlights

  • Wood Flooring
  • Community Kitchen
  • 3-minute walk to Old City Park
  • Lowell School Rated 9+

About This Home

As of April 2022

Located in the heart of downtown Old Bisbee, the Allen Block Building is a beautiful turn of the century building listed on the Arizona State Historic Registry. This multi-use income property has been fully restored with modern amenities and an old-world charm. The building has 3 floors: the bottom 2 consist of 11 retail spaces, and the 3rd floor has 8 fully furnished hotel suites. In total, there are 13 bathrooms, 8 kitchens, a full hotel and guest laundry, a courtyard with storage, and access to public parking. This is truly a one-of-a-kind property that has been cultivated with care and has endless possibilities for both rental and retail spaces. Please visit https://www.canyonrose.com/ for additional photos and information.

Last Agent to Sell the Property

Murray Kennedy

Arizona 360 Realty License #BR539075000 Listed on: 06/22/2021

Last Buyer's Agent

Eliza Adams

Eliza Adams Real Estate License #BR656010000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $18,674

Year Built

  • Built in 1905

Lot Details

  • 8,262 Sq Ft Lot
  • Property is zoned commercial

Home Design

  • Foam Roof
  • Block Exterior

Interior Spaces

  • 11,102 Sq Ft Home
  • Wood Flooring
  • Basement

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Community Details

  • Bisbee Subdivision
  • Community Kitchen
  • Operating Expense $18,674

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number 103-62-205-B

Property Details

Property Type

Other

Est. Annual Taxes

$18,674

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Cross Street: Subway / Shearer Ave
  • Property Type: Comm/Industry Sale
  • Zoning: commercial
  • Current Use: Mixed Use, Retail, Service Business
  • Number Of Buildings: 1
  • Year Built: 1905
  • Tax Year: 2020
  • Lot Size Acres: 0.19
  • Road Surface Type: Asphalt
  • Subdivision Name: BISBEE
  • Structure Type: Commercial
  • Tax Parcel Letter: B
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Wood

Exterior Features

  • Fencing: Other
  • Construction Type: Block
  • Roof: Foam
  • Construction:Block: Yes

Garage/Parking

  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Green Building Features: Basement, Kitchen
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes

Association/Amenities

  • Amenities:Kitchen: Yes
  • Amenities:Basement: Yes

Lot Info

  • Lot Size Sq Ft: 8262.0
  • Additional Parcels: No
  • Parcel #: 103-62-205-B
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 18674.0

Tax Info

  • Tax Annual Amount: 18674.0
  • Tax Book Number: 103.00
  • Tax Lot: 50
  • Tax Map Number: 62.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2021
Closed on
Apr 4, 2022
Sold by
Everett Streeter Co Llc
Bought by
Bennett Street Llc
Seller's Agent
Murray Kennedy
Arizona 360 Realty
Buyer's Agent
Eliza Adams
Eliza Adams Real Estate
List Price
$2,500,000
Sold Price
$2,000,000
Premium/Discount to List
-$500,000
-20%
Current Estimated Value
$2,312,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,483
Avg. Annual Appreciation
3.89%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bennett Street Llc $2,000,000 Pioneer Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/08/2022 04/08/22 Sold $2,000,000 -11.1% $180 / Sq Ft
09/22/2021 09/22/21 Price Changed $2,250,000 -10.0% $203 / Sq Ft
06/18/2021 06/18/21 For Sale $2,500,000 -- $225 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

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
2025 $25,706 $231,230 $8,678 $222,552
2024 $25,706 $229,936 $8,678 $221,258
2023 $25,302 $193,767 $8,678 $185,089
2022 $18,334 $120,952 $8,678 $112,274
2021 $18,841 $112,828 $8,678 $104,150
2020 $18,674 $0 $0 $0
2019 $6,912 $0 $0 $0
2018 $6,872 $0 $0 $0
2017 $6,208 $0 $0 $0
2016 $5,825 $0 $0 $0
2015 $6,008 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6254189

Arizona Regional Multiple Listing Service (ARMLS)

APN: 103-62-205B