Listing Agency: The Housing Professionals

Listed By: Alice Ying Lin · License #SA639353000 Show Phone

Source: Searchphxproperties

Added: Oct 13 Changed: Nov 1 Last Checked: Nov 3 at 6:49AM

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Investment Insights

Based on property information with market context.

This 1,600-square-foot restaurant space includes a walk-in cooler and two new air-conditioning units. A lease is in place for 3 years, with the possibility of renewal for an additional 5 years.

The property occupies a corner lot at 2495 E Riggs in Chandler, across from a gas station and near an Albertsons grocery store.

Key Highlights

• 1,600‑square‑foot restaurant space
• Walk‑in cooler and 2 new AC units
• 3 years remaining on the lease, with a possible 5‑year renewal

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Hair Salon Spa & Massage Center Building Supply

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

193

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 85249, AZ

47,414

Population

17,489

Households

2.7

Avg Household Size

42

Median Age

56%

College-Educated

96%

High-School Grad

14.3 sq mi

ZIP Area

3,316

Density / Sq Mi

$150,985

Median Household Income

$74,519

Median Earnings

$2,318

Median Rent

$610,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - The kitchen is equipped with a walk-in cooler and two new air-conditioning units.

Where is this conventional restaurant located?

The property is located at 2495 E Riggs Chandler, AZ.

What is the asking price?

The asking price for this property is $120,000.

What are key features of this property?

This property features: 1,600‑square‑foot restaurant space; Walk‑in cooler and 2 new AC units; 3 years remaining on the lease, with a possible 5‑year renewal