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    2939 N 24Th St Phoenix, AZ 85016

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    For Sale
    $1,542,240

    Freestanding restaurant building with on-site parking in a retail corridor.

    Property size:
    2,520 SF
    Lot size:
    0.42 Acres

    Property Features for 2939 N 24Th St

    General Information

    Size
    2,520 SF
    Lot size
    0.42 Acres

    Source: Commercial Properties Inc Agent Eric Butler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant in High Traffic

    This 2,520-square-foot freestanding building is a turnkey restaurant, making it ideal for an owner/user. The property is located in a high-traffic retail corridor and is visible from the intersection of Thomas Road and 24th Street. On-site parking is available. The property is close to the 51 Highway, Loop 202, and I-10. The current tenant will move upon the close of escrow.
    Insight Report Location Intelligence

    Current Use by Public Records

    New China Buffet Chinese Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.029868
    Latitude
    33.4818492

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    FAQs

    What type of property is this?
    Turn key restaurant - Freestanding restaurant building with on-site parking in a retail corridor.
    Where is this turn key restaurant located?
    The property is located at 2939 N 24Th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,542,240.
    What are key features of this property?
    This property features: - Turnkey Restaurant - Ideal for Owner/User; - Free-standing Building with On-Site Parking; - Visible from Thomas Rd & 24th St Intersection
    (602) 809-6570
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    2939 N 24Th St Phoenix, AZ 85016
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    Phoenix, AZ 85016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2939 N 24Th St Phoenix, AZ 85016
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