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Phoenix Restaurant/Retail Opportunity For Sale
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1212 East Northern Avenue, Phoenix, AZ 85020

Restaurant/retail property in a high-traffic Phoenix location with billboard income.

Property Size3,446 SF
Days on Market271

Property Features for 1212 East Northern Avenue

General Information

Standard status Active
Size 3,446 SF
Property subtype Retail

Building Details

Building Size 3,446 SF
Year Built 1970
Listing Agency: Western Retail Advisors, LLC
Listed By: Darrell Deshaw · License #SA562018000
Source: W-retail
Added: Nov 25, 2025 Changed: Aug 9 Last Checked: Aug 23 at 3:15AM

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 Western Retail Advisors, LLC

Investment Insights

Based on property information with market context.

This property presents an opportunity for an owner/user seeking a restaurant or retail space in a centrally located, dense area of Phoenix. The property includes billboard income for the next 19 years. The building, formerly a restaurant, has an area of approximately 3,446 square feet and is situated on an 11,832 square foot lot zoned C-2. Restaurant infrastructure includes a hood, a grease trap, and a walk-in cooler. The location benefits from high traffic volume, with over 74,000 vehicles per day passing through the intersection. The area has a dense population and an average household income exceeding $130,000 within a 3-mile radius. The property is located 1.2 miles from the 51 freeway.

Key Highlights

  • High traffic location with over 74,000 vehicles per day.
  • Billboard income included for +19 years.
  • Restaurant infrastructure in place: hood, grease trap, and walk‑in cooler.

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Parking Lot & Garage Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

939
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85020, AZ

34,534
Population
18,231
Households
1.9
Avg Household Size
43
Median Age
43%
College-Educated
90%
High-School Grad
8.8 sq mi
ZIP Area
3,924
Density / Sq Mi
$78,412
Median Household Income
$48,230
Median Earnings
$1,389
Median Rent
$400,800
Median Home Value

Market

Vacancy Rate% for Retail in Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Restaurant - Restaurant/retail property in a high-traffic Phoenix location with billboard income.
Where is this restaurant located?
The property is located at 1212 East Northern Avenue Phoenix, AZ.
What are key features of this property?
This property features: High traffic location with over 74,000 vehicles per day.; Billboard income included for +19 years.; Restaurant infrastructure in place: **hood, grease trap, and walk‑in cooler.**
More about this property
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