$156,000
885 W Highway 92
Bisbee, AZ 85603
MLS# 6286870
Status: Closed

A wonderfully located stand alone restaurant. Previous restaurant RENTER retired, ad was in business for many years. Two lots come with this property, Lot 1 and Lot 2, plenty of parking.
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A wonderfully located stand alone restaurant. Previous restaurant RENTER retired, ad was in business for many years. Two lots come with this property, Lot 1 and Lot 2, plenty of parking. The dining area comes with tables and chairs and room for more. There are two dining areas, one smaller than the other in a different off set room leading to the restrooms. This restaurant comes fully equipped with the basic restaurant health department requirements. Pictured here is the gas stove, large hood, fire suppression system, and a grease out back. There is a place already ready for your sign, a large sign to be installed right above the porch for all to see. Off highway 93 in Bisbeee you can turn right off the highway directly into the parking area of this restaurant. No frontage roads or hard to hard access. Direct drive to the parking lot off the HWY. You can see where the grass is mowed is where the property line is and the additional lot sold with the property is directly to the left in this picture. Lots of room for parking, or a larger deck for seating. Very nice scenery around the restaurant. You can see the HWY and the turn off the HWY right into the parking lot. You can see here the porch and signage area on the front of the restaurant. Side view and this is the depth of the extra side lot that comes with the place. Back view of the restaurant. You can see the front and right side view from the HWY. There is a small deck area and porch area, that could be used for seating. You can see that close up of the porch which could be used for additional outdoor seating. That is cement. Showing the length and depth of that porch. This side door comes out of the side of the building. It is near where there's a counter (Take your order) area if that's what is required for your service. And you can see a small deck there as well. This is the main dining area, which you can see has 4 large tables and 4 chairs around each table and its still roomy, with the possibly of more seating. A view from another angle. Spacious! There are 2 large restrooms. This can be a small bar area for drinks, or a service area to take orders. It could also be more seating if you took the bar out which is permanently affixed, but an easy easy demo to make more room to suit your needs. The view from behind the bar area, looking into the dining room. From behind this bar area is where is the kitchen is. You can see there is a large hood, and there is room for an additional cooking unit if that's what you need. Currently there is just the stove there and next to it is a stainless steel table, and on the end a deep fryer. Comes with all the kitchen equipment. Another kitchen view, you can see the nice flooring. This is a separate kitchen room just off to the side of the main kitchen area. Storage and this is where the 3 compartment sink area is. Room for other equipment, and storage fro sure. A small walk-in freezer would fit. This angle looks from the sink area into the main kitchen area. Another view.

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
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

885 W Highway 92, Bisbee, AZ 85603 - MLS# 6286870
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