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Jenny Spencer

jennspencerrealtor@gmail.com +1(587) 890-0965

$ 1,400,000

Est. payment | -/mo

0.71 Acres Lot

Save

$ 1,400,000

Est. payment | -/mo

Save

0.71 Acres Lot

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 6980373

Year Built 1987

Annual Tax Amount $13,209

Tax Year 2025

Lot Size 0.708 Acres

Acres 0.71

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

High-visibility former restaurant opportunity located directly on Thomas Road in the heart of Midtown Phoenix. This ±2,762 SF freestanding building sits on an oversized ±0.75-acre C-2 zoned parcel—providing excellent parking (34 spaces), strong frontage, and flexibility for restaurant, QSR, or freestanding retail use. Recently improved in 2022 with new kitchen equipment, flooring, ceilings, plumbing, HVAC modifications, lighting, and refreshed dining areas, offering a true turn-key foundation for operators or owner/users. The large lot allows for potential drive-thru integration or expanded outdoor/parking layouts, uncommon for the corridor. Additional upside includes an income-producing billboard lease in place through 2028. Positioned within a sub-5% vacancy trade area surrounded by dense residential and major arterials, this is a rare infill pad with strong fundamentals and multiple paths to value creation.

Location

State AZ

County Maricopa

Area Maricopa

Zoning C-2

Direction From SR-51, exit at Thomas Rd and head west. Continue past 16th Street; property is on the north side of Thomas Rd just west of 16th St.

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Tile, Laminate

Exterior

Parking Features Parking Lot

Fence Block

Roof Type Foam

Private Pool No

Building

Dwelling Type Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 118-14-037-C

Disclosures Seller Prop Disc Stm

Listed by Cambridge Properties • Keith M Mishkin

Nearby Locations

GET MORE INFORMATION

+1(587) 890-0965

jennspencerrealtor@gmail.com

1816 crowchild trail nw # 700 Calgary T2M3Y7, Canada

1516 E THOMAS Road Phoenix, AZ 85014