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202 Tombstone Canyon 2,698 SF Retail Building Bisbee, AZ 85603 $497,000 ($184.21/SF)

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INVESTMENT HIGHLIGHTS

  • Cozy Atmosphere Year Round, inside and out.
  • Front Row Seat for the Bisbee 1000 Stair Climb, parades, people watching
  • On Bisbee's Main Road next to the Iron Man Statue

EXECUTIVE SUMMARY

Historic landmark steps away from the Iron Man statue and the Cochise County Courthouse, this property is zoned C-1 and offers numerous versatile use options. Currently operated as a restaurant, it features an open floor plan with hardwood floors, skylights, and ceiling fans. The commercial kitchen includes a walk-in freezer, and there's private office space available. The restaurant maintains a cozy atmosphere with a wood-burning fireplace in one dining area and a beautiful bar in another. The outdoor dining area is spacious and covered, featuring ceiling fans and elegant lighting. It overlooks Tombstone Canyon Road and has recently been upgraded with a new metal roof, brickwork, additional buttresses
for patio wall support, and new wrought
iron railing. The long dining rail provides ample seating for customers, making it perfect for enjoying Bisbee events such as the Bisbee 1000 or the many parades that start right at the
property's doorstep. The back outside area also has potential as a charming seating space. The entire exterior has been recently painted, giving it a fresh look that complements the surrounding businesses. Inside, the second floor serves as storage but historically was considered a home, evidenced by the former placement of stairs in what is now the bar area (currently adorned with skylights). The property is equipped with a 200 Amp service panel and 3 mini splits for additional heating and AC. Deeded parking is available in front, supplemented by city parking on the side. Please note, this property is not being sold as an operating business, and trade fixtures are excluded from the sale as they belong to the tenant. Respectfully, refrain from disturbing the current tenant and employees. Comprehensive seller disclosures are accessible via the Documents tab in the MLS. The tax assessment includes two parcels: 103-61-325 ($8,283) for the building and parcel #103-61-326A ($320) for the front parking lot. The property line extends into Banshees Restaurant at the front and part of their outdoor patio at the rear. Notably, there is no For Sale sign on the property. According to public records, the building was constructed in stages, with the framed section dating back to 1905, and the structure as a whole was completed in 1960. While the tax records indicate a square footage of 2,618 sq ft, the seller asserts it is 2,698 sq ft. Per recent floor plan drawings. Prospective buyers are advised to independently verify all dimensions and details. This property also qualifies for a conventional loan. The liquor license belongs to the tenant.

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Taxes $8,607 $3.19
Operating Expenses $29,165 $10.81

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

Taxes
Annual $8,607
Annual Per SF $3.19
Operating Expenses
Annual $29,165
Annual Per SF $10.81
Total Expenses
Annual $37,772
Annual Per SF $14.00

PROPERTY FACTS

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,698 SF
Building Class
C
Year Built
1990
Price
$497,000
Price Per SF
$184.21
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.29 AC
Zoning
C-1
Parking
8 Spaces (2.97 Spaces per 1,000 SF Leased)
Frontage
55’ on Tombstone Canyon

AMENITIES

  • Corner Lot
  • Fireplace
  • Restaurant
  • Skylights
  • Storage Space
  • Air Conditioning
  • Balcony

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 103-61-326A
  • 103-61-325
Land Assessment
$13,702 (2025)
Improvements Assessment
$62,730 (2025)
Total Assessment
$76,432 (2025)
Annual Taxes
$8,607 ($3.19/SF)
Tax Year
2024
  • Listing ID: 34635254

  • Date on Market: 1/28/2025

  • Last Updated:

  • Address: 202 Tombstone Canyon, Bisbee, AZ 85603

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