1 Howell

Investment Highlights

High Foot Traffic - Corner Street Frontage Historical Renovation in 2000. Updates and additional renovations in 2018 Downtown Historic District Seller Financing Terms Available to Qualified Buyers Hotel and Restaurant Space Equipment & Most Furnishings Included - Hotel & Restaurant

Executive Summary

Why lease when you can OWN?! 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. Bisbee is located in the Southeastern corner of Arizona in the picturesque Mule Mountains at a comfortable 5,500' elevation. Rich in mining history and victorian-era charm, Bisbee benefits from a robust year round tourist trade, being featured in numerous local and national travel magazines and news articles. Come see it for yourself and see why once you visit Bisbee, you won't want to leave!Be in first position for capturing hungry and thirsty visitors and locals alike. The Brinley Building houses the multi-year award winning Santiago's Mexican Restaurant and continuously top-rated, thriving, Hotel San Ramon. Built in 1902, originally called the Medigovich Building, the 5,098 sq ft building, with 1,009 sq ft basement, includes the 6-suite hotel upstairs with separate lobby and the 65-seat restaurant space at street level. (Additional 30-seat outdoor seating available through separately negotiated lease with City of Bisbee.) 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 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.

• Sale Type    Investment or Owner User
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    6,107
• Building Class    C
• Year Built/Renovated    1902/2018
• Price    1,670,000
• Price Per SF    273
• Tenancy    Single
• Building Height    3 Stories
• Building FAR    2.34
• Land Acres    0.06 AC

• Corner Lot
• Restaurant
• Security System
• Skylights
• Recessed Lighting
• Air Conditioning