35 Main St 5,646 SF Retail Building Bisbee, AZ 85603 $1,675,000 ($296.67/SF) 10% Cap Rate

INVESTMENT HIGHLIGHTS

  • Nestled in the vibrant epicenter of Bisbee, Arizona
  • Cafe Roka is a complete turn key operation
  • Prime real estate and a highly desirable location
  • Please contact Brad Snyder at 520-227-6694 or Brad@BradSnyder.com with inquiries.

EXECUTIVE SUMMARY

The current owners of Cafe Roka are prepared to make the transition of ownership to the new owners as easy as possible. Chef Kass has agreed to stay on for 6 weeks after the close of the sale with additional time negotiable. Furniture on 3rd floor does not convey. Please contact Brad Snyder at 520-227-6694 or Brad@BradSnyder.com with inquiries.

PROPERTY FACTS

Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,646 SF
Building Class
C
Year Built
1907
Price
$1,675,000
Price Per SF
$296.67
Cap Rate
10%
NOI
$167,500
Business Value
$675,000
Tenancy
Single
Building Height
3 Stories
Building FAR
0.83
Lot Size
0.16 AC
Zoning
C-3 - C-3, General Commercial

AMENITIES

  • Air Conditioning

ABOUT 35 MAIN ST , BISBEE, AZ 85603

OPPORTUNITY is KNOCKING! Purchase this popular upscale eatery located in Historic Bisbee, Arizona in a restored 1907 building with multiple levels, a lively central bar, and 3rd Floor Living space or Event space for the restaurant. Café Roka has been a mainstay in the heart of Cochise County for over 30 Years!! Café Roka is more than just a restaurant. It's a full-blown experience with an atmosphere that is simultaneously upscale and cozy. Rod & Sally have been successful in catering to locals as well as the tourist crowd. With outstanding visibility and a constant flow of foot traffic, the new owner/operator can capitalize on nostalgia and good times while making connections with the locals and can count on year-round tourist business thanks to the mild weather and the special historical attraction of the town itself. Don't miss out on this chance to own a thriving restaurant and bar with a proven track record of 30 years! Opportunities like this are rare.

PROPERTY TAXES

  • Listing ID: 31139968

  • Date on Market: 3/6/2024

  • Last Updated:

  • Address: 35 Main St, Bisbee, AZ 85603