Restaurant With Leased Studio
For Sale
Contact for pricing
113 East Southern Avenue, Tempe, AZ 85282
Turnkey, fully operational café paired with seven long-term leased business suites in a shopping center setting.
Property Size2,400 SF
Price / SF$83.33
Days on Market55
Property Features for 113 East Southern Avenue
General Information
Standard status
Active
Size
2,400 SF
Class
A
Total Parking Spaces
50
Property subtype
Business for Sale
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
patio
Building Details
Units
7
Tenancy
Multi
Listing Agency:
REeBroker Group
Listed By:
KHALED SHAKTA · License #01741602
Source:
Crexi
Added: Jul 21
Changed: Sep 11
Last Checked: Sep 13 at 6:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of REeBroker Group
Investment Insights
Based on property information with market context.
This turnkey, fully operational multi-concept space combines a renovated café with seven fully occupied business suites. The café includes indoor high-top and low-top seating, plus a furnished patio, supported by a newly renovated kitchen and upgraded equipment, along with new furniture. The suite lineup includes a trading card shop (buy/sell/trade), tattoo studio, Boutique Injections med-spa, nail tech, and a wax/brow/lash studio, with a dedicated podcast room available for hourly, daily, or weekly use.
The property is located in the LA Fitness Shopping Center near ASU in Tempe, Arizona, with excellent visibility noted in the materials. Tenant rents collectively cover the full rent obligation for the building, allowing the café to operate with significantly reduced overhead. The café is supported by an online delivery presence across DoorDash, Grubhub, Uber Eats, and the company website.
Overall, the building offers a café-dining component alongside multiple leased suites, with all seven suites leased to long-term tenants.
The property is located in the LA Fitness Shopping Center near ASU in Tempe, Arizona, with excellent visibility noted in the materials. Tenant rents collectively cover the full rent obligation for the building, allowing the café to operate with significantly reduced overhead. The café is supported by an online delivery presence across DoorDash, Grubhub, Uber Eats, and the company website.
Overall, the building offers a café-dining component alongside multiple leased suites, with all seven suites leased to long-term tenants.
Key Highlights
- Fully operational, multi‑concept business in the LA Fitness shopping center near ASU in Tempe, AZ
- Renovated café with newly renovated kitchen, upgraded equipment, and new furniture
- Café and furnished patio seating with indoor high‑top and low‑top areas
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
163k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Groceries 30%
Shops & Services 22%
Beauty & Spa 2%
Fry's
Groceries
49,475 visits/mo
0.1 miles
Dutch Bros. Coffee
Dining
37,896 visits/mo
0.1 miles
Venezia's Pizzeria
Dining
14,995 visits/mo
0.1 miles
Circle K
Shops & Services
14,107 visits/mo
0.0 miles
Fry's Fuel Center
Shops & Services
13,975 visits/mo
0.0 miles
Demographics for 85282, AZ
52,351
Population
25,667
Households
2
Avg Household Size
33
Median Age
44%
College-Educated
94%
High-School Grad
11.1 sq mi
ZIP Area
4,716
Density / Sq Mi
$79,084
Median Household Income
$43,863
Median Earnings
$1,627
Median Rent
$370,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey, fully operational café paired with seven long-term leased business suites in a shopping center setting.
Where is this conventional restaurant located?
The property is located at 113 East Southern Avenue Tempe, AZ.
What is the asking price?
The asking price for this property is $199,999.
What are key features of this property?
This property features: Fully operational, multi‑concept business in the LA Fitness shopping center near ASU in Tempe, AZ; Renovated café with newly renovated kitchen, upgraded equipment, and new furniture; Café and furnished patio seating with indoor high‑top and low‑top areas
