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    Established Restaurant in Prime Location Title is generated by Realmo AI

    2303 N 44th St, Phoenix, AZ 85008

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    Turnkey restaurant opportunity in Phoenix with flexible cuisine options.

    Type:Business for Sale, Retail
    Property size:
    1,200 SF
    Price / SF:
    $250/SF
    Added:
    Feb 9, 2026
    Days on Market:
    147
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2303 N 44th St

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Property subtype
    Business for Sale, Retail

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    James Park

    Listing office Six Zero Two Real Estate Group LLC

    Listing date Feb 9, 2026

    Source Crexi

    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 Six Zero Two Real Estate Group LLC

    HighLights

    • Prime Location in a bustling Phoenix, Arizona area
    • Affordable and Stable Lease: $31.83 NNN ($6.50) with 8 years remaining
    • Flexible Cuisine Options available with landlord permission
    • Generous 1,200 SqFt space
    • Buyer pays the last month's rent to the seller for a smooth transition
    • Easy to Show, envision your dream restaurant today

    Overview

    Located in Phoenix, Arizona, Pho Arcadia presents an opportunity for restaurateurs. The restaurant occupies a 1,200-square-foot space. The current lease has a rate of $31.83 NNN ($6.50) and extends for 8 years, with two additional 5-year options available. While currently operating as a Vietnamese restaurant, the landlord is open to new culinary concepts with permission. The buyer will pay an amount equal to the last month’s rent, including NNN and tax, directly to the seller, ensuring a seamless transition into ownership. This is an opportunity to become part of a thriving community. With its established reputation and prime location, Pho Arcadia is ready for a new owner to take it to the next level. Whether you want to continue serving beloved Vietnamese dishes or introduce a new culinary experience, the possibilities are endless.

    Local Financial Insights For Specialty Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $25.9k $21.60
    − Vacancy −$2.1k −$1.73
    EGI $23.8k $19.87
    − OpEx −$6.0k −$4.97
    NOI $17.9k $14.90
    1,200 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $255.5K
    $223.6K – $298.1K (±1% cap)
    NOI $17,885 @ 7.0% cap · market cap 5.96%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $370.9K
    $324.5K – $432.7K (±1% cap)
    NOI $25,960 @ 7.0% cap · market cap 8.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Phoenix Appliances Repair ... Home Appliance Store Imperial Tile & Marble ... General Contractor Next Era Electric, ... Electrical Service Philip Dean Photography Wedding Service visionquest 20 20 Charitable Organization

    Suggested Use

    Building Supply Real Estate Agency Hair Salon Auto Parts Store Spa & Massage Center Nail Salon Big Box & Wholesale Store Hotel & Motel Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -111.986968
    Latitude
    33.473015

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant opportunity in Phoenix with flexible cuisine options.
    Where is this conventional restaurant located?
    The property is located at 2303 N 44th St Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: Prime Location in a bustling Phoenix, Arizona area; Affordable and Stable Lease: $31.83 NNN ($6.50) with 8 years remaining; Flexible Cuisine Options available with landlord permission
    More about this property
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