$156,000
Bisbee, AZ 85603
MLS# 6286870
Status: Closed
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Property Description
UPDATE: The Building Depart and Health department BOTH say a drive thru can be installed. This stand alone, turn key ready restaurant has it all! Plenty of room for parking! Fully Equip! (Gas Range, Fryer, Hood-with Fire Suppression System, Refrigerator, SS Tables, 3-Compartment Sink, Grease trap installed.) Great Flooring! Tables and Chairs Porch- Outdoor Seating Potential Men's and Woman's Public Restrooms Bar Area Dining Area (2 dining areas, main and a smaller one) Comes with 2 lots, so there is plenty of parking. See more remarks!
Details
Maps
Contract Info
Current Price: $156,000
Sold Price: $156,000
Status: Closed
List Date: 2021-08-25
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C73
House Number: 885
Street Name: W Highway 92
St Suffix: --
City/Town Code: Bisbee
State/Province: AZ
Zip Code: 85603
Country: USA
County Code: Cochise
Assessor's Map #: 16
Assessor's Parcel #: 11
Add'l Parcels: Yes
Assessor Number: 102-16-011
Legal: HEDBERG E 43' OF LOTS 7 8 9 10 BLK E
Tax Municipality: Cochise - COUNTY
Taxes: 1052.88
Tax Year: 2021
General Property Description
Year Built: 1938
Uncvrd Parking Spcs: 30
Zoning: (0021) VAC COMM
Remarks & Misc
Geo Lat: 31.401987
Geo Lon: -109.91701
Status Change Info
Status Change Date: 2022-07-26
Off Market Date: 2022-07-07
Under Contract Date: 2022-07-06
Close of Escrow Date: 2022-07-26
Sold Price: $156,000
Legal Info
Township: 23S
Range: 24E
Section: 28
Lot Number: 7 8 9 & 10 BLK E
Income & Expenses
Annual Elec Exp: 3300
Annual Gas Exp: 960
Annual Ins Exp: 1200
Annual Trash Exp: 1800
Annual Wtr/Swr Exp: 1000
Owner Association: No
Operating Exp: 9312.88
Gross Annual Sch Inc: 336000
Other Income: 11400
Vacancy Allowance: 0.05
Adjusted Gross Inc: 330030
Net Operating Income: 300000
Pmt & Rate Info
Cap Rate: 181.82
Equity: 165000
Sold Info
Loan Type: Other
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial; Other (See Remarks)
Current Use: Mixed Use; Restaurant; Office; Retail; Food Service; Bar; Other
Stories: 1 Story
Construction: Stucco; Frame - Wood
Roofing: Metal
Floors: Vinyl; Other
Ceiling Height: 8 Feet or Less
Heating: Propane
Cooling: Office Evap; See Remarks
Loading Facilities: Grade Level; None
Interior: Finished; Smoke Detector(s); Private Restrooms; Public Restrooms
Exterior: Monument Sign
Fencing: None
Amenities: Clean Room; Kitchen; Other (See Remarks)
Parking: Public Parking; Other (See Remarks)
Electric: Individual Meter; Other (See Remarks)
Gas: Propane Piped
Water: City Franchise; See Remarks
Sewer: Sewer - Public
Freeway/Highway: Access
Railroad: Other (See Remarks)
Showing Notification Methods: Text
Lockbox Type: Supra (ARMLS)
Source of Fincl Data: Provided by Owner
Roads/Streets: Dirt
Traffic Count: 15,001 to 25,000; Other (See Remarks)
Reports/Disclosures: Soil Test; Seller Prop Disc Stm
Environmental: None
Supplements
Located directly off HWY 92 in Bisbee. There is no frontage road, 100% direct access from HWY to the parking lot.
Busy Highway, and a safeway next store. The owner rented out this spot as a restaurant for $950.00 a month, and the restaurateur had been in busy there for many years, but has recently retired, and the place has been empty since with many inquires, but no actual qualified buyers. This location could easily generate $1000.00 a day income with the right restaurant or more.
Come on down and take a look!
Listing Office: Arizado Realty
Last Updated: July - 26 - 2022
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