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About the Listing camb01 - km034
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.
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor: Tile,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Foam
- Others:
- Sewer: Public Sewer
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $13,209
- Taxes w/Assessments: N/A
- Tax/Property ID: 118-14-037-C
- Tax Year: 2025
Payment Calculator
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1516 E Thomas Rd Phoenix, AZ 85014
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