$1,900,000
Phoenix, AZ 85022
MLS# 6612599
Status: Pending
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Property Description
Opportunity knocks! This stunning turnkey restaurant space is situated just off Hwy 51 & Cactus, placing it in one of the highest traffic and most rapidly growing areas of the Valley. The beautiful modern interior seats 130+ guests and is appointed with upscale furnishing and fixtures throughout. The spacious .68 acre lot provides plenty of parking and signage visibility from the main road. The expansive kitchen is a chef's dream, outfitted with top-of-the-line commercial grade equipment ready for your menu. Highlights include: giant vent hood system, commercial walk-in refrigerators, bar equipment, POS system and more. The expansive dining room features chic booths, custom tables and a luxurious separate bar room...more..
Details
Maps
Documents
Contract Info
Current Price: $1,900,000
List Price: $1,900,000
Status: Pending
List Date: 2023-10-02
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 12801
Compass: N
Street Name: CAVE CREEK
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 5834
Country: USA
County Code: Maricopa
Legal Description (Abbrev): TRACT Q CACTUS GARDENS 4 MCR 009742
Subdivision: CACTUS GARDENS 4
Assessor's Map #: 12
Assessor's Parcel #: 26
Add'l Parcels: No
Assessor Number: 166-12-026
Census Tract: 103502
Legal: TRACT Q CACTUS GARDENS 4 MCR 009742
Tax Municipality: Phoenix
Taxes: 11354
Tax Year: 2022
General Property Description
Ttl Apx SqFt Bldg: 5739
# of Buildings: 1
Year Built: 1974
Uncvrd Parking Spcs: 52
Zoning: C-2
Flood Zone: No
Remarks & Misc
Cross Street: Cactus Rd & Cave Creek Road
Directions: From 51, go east on Cactus Rd, turn right on N Cave Creek Rd., will be on right
Geo Lat: 33.602657
Geo Lon: -112.036439
Status Change Info
Status Change Date: 2024-04-12
Off Market Date: 2024-04-12
Under Contract Date: 2024-04-09
Legal Info
Township: 3N
Range: 3E
Section: 15
Income & Expenses
Owner Association: No
Operating Exp: 11354
Pmt & Rate Info
Equity: 1900000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Restaurant; Retail; Food Service; Bar
Stories: 1 Story
Construction: Stucco; Brick
Roofing: Other (See Remarks)
Floors: Concrete; Ceramic Tile
Ceiling Height: 10.1 Feet to 12 Feet
Cooling: Central A/C
Loading Facilities: None
Interior: Finished; Finished to Suit; Fire Sprinklers; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Safe/Vault; Phone System; Private Restrooms; Public Restrooms
Exterior: Corner Lot; Sprinkler Sys-Ground; Landscaping; Pole Sign; Building Sign; Monument Sign; Security Light(s); Security Camera(s)
Fencing: Partial
Amenities: Kitchen
Parking: Free; Public Parking; Paved Parking
Electric: APS
Gas: SW Gas
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
New Financing: Cash Only; Cash to Loan; Owner May Carry; 1031 Exchange
Showing Notification Methods: Phone Call
Lockbox Type: None
Source of Fincl Data: Provided by Owner; Provided by Accntnt; Books Shown; Tax Return
Existing 1st Loan: Treat as Free&Clear
Roads/Streets: Asphalt; Sidewalk(s)
Traffic Count: 25,001 to 35,000
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
perfect for serving hungry diners flocking to this bustling corridor. With its contemporary style and fully operational infrastructure in place, this restaurant space provides a plug-and-play opportunity in an unbeatable location. Be the next successful restauranteur to occupy this primed venue in one of Phoenix's most affluent neighborhoods. Contact us today to tour this magnificent turnkey restaurant space, this opportunity won't last long!
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Listing Office: JPAR Vantage
Last Updated: April - 12 - 2024
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