Renovated Restaurant With Event
For Sale
$1,479,000
348 W White Mountain Boulevard, Lakeside, AZ 85929
Commercial Sale, Lakeside, AZ
Property Size5,000 SF
Lot Size0.67 Acres
Price / SF$295.80
Days on Market428
Property Features for 348 W White Mountain Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C-1 Light Comm.
Window features
Double Pane Windows
Subdivision
Lakeside Unsub
Lot features
Wooded, Tall Pines On Lot
Directions
On North East side of Hwy 260 across from Pinetop-Lakeside Visitor Center.
Standard status
Active
APN
212-30-014B
Size
5,000 SF
Lot size
0.67 Acres
Taxes and HOA fees
Tax Description
Section 25,T9n,R22e:Beg Sw Cor Ne4 Se4 Section 25; Th N1dg28'50 E885.74';th S39dg17'e 195' M/L Tpob; Th S39dg17'e 149.12';th N47dg55'06 E 128.61'; Th N0dg38'30 E 205.24';th S47dg31'w 260.57' Tpob
Tax Annual Amount
6509
Legal Description
Section 25,T9n,R22e:Beg Sw Cor Ne4 Se4 Section 25; Th N1dg28'50 E885.74';th S39dg17'e 195' M/L Tpob; Th S39dg17'e 149.12';th N47dg55'06 E 128.61'; Th N0dg38'30 E 205.24';th S47dg31'w 260.57' Tpob
Utilities
Heating system
Natural Gas, Wall Furnace, Forced Air
Cooling system
Central Air
Amenities
dedicated office
laundry facilities
Building Details
Year built
1980
Roof type
Shingle
Listing Agency:
Frank M. Smith & Associates - Main
(928) 369-4000
Listed By:
Patricia Jones
(928) 368-3184
Added: Aug 6, 2025
Changed: Sep 13
Last Checked: Oct 7 at 4:06AM
MLS# 257405
Copyright © 2026 White Mountain Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property in Lakeside, Arizona, includes 5,000 square feet of improvements on 0.67 acres. The interior has a renovated dining room along with Room 81, a private event and dining area. Operational features include a commercial kitchen, full-service bar, office, laundry facilities, extensive storage, and two walk-in freezers. The sale includes the real estate, equipment, fixtures, and furnishings.
Located on Highway 260, the property offers parking for approximately 35 vehicles. Building systems include central air conditioning and heating served by natural gas, forced air, and wall furnaces. Constructed in 1980, the building has a shingle roof. A negotiable Series #6 liquor license is also associated with the offering.
Located on Highway 260, the property offers parking for approximately 35 vehicles. Building systems include central air conditioning and heating served by natural gas, forced air, and wall furnaces. Constructed in 1980, the building has a shingle roof. A negotiable Series #6 liquor license is also associated with the offering.
Key Highlights
- 5,000‑square‑foot restaurant property on 0.67 acres
- Renovated dining room plus Room 81 private event and dining space
- Commercial kitchen, full‑service bar, office, laundry, and extensive storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,111
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,902,220
$1.9M
Cap Rate 7%
$1,358,729
$1.4M
Cap Rate 9%
$1,056,789
$1.1M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$130.2K $26.04/SF
− Vacancy
−$3.4K −$0.68/SF
EGI
$126.8K $25.36/SF
− OpEx
−$31.7K −$6.34/SF
NOI
$95.1K $19.02/SF
Area
Navajo County, AZ
Vacancy
2.60%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,902,220
Cap Rate 7%
$1,358,729
Cap Rate 9%
$1,056,789
Alternative Uses
Best Use
Specialty Retail
$1.36M
$1.19M – $1.59M
NOI $95,111 @ 7.0% cap · market cap 6.43%
Second Best
Industrial
$650.9K
$569.5K – $759.4K
NOI $45,562 @ 7.0% cap · market cap 3.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
12k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 100%
Goodwill
Apparel
12,272 visits/mo
0.4 miles
Demographics for 85929, AZ
8,040
Population
5,089
Households
1.6
Avg Household Size
51
Median Age
23%
College-Educated
88%
High-School Grad
34.1 sq mi
ZIP Area
236
Density / Sq Mi
$56,837
Median Household Income
$36,535
Median Earnings
$1,117
Median Rent
$250,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant operation with a commercial kitchen, full-service bar, office, storage, and dedicated private dining area.
Where is this conventional restaurant located?
The property is located at 348 W White Mountain Boulevard Lakeside, AZ.
What is the asking price?
The asking price for this property is $1,479,000.
What are key features of this property?
This property features: 5,000‑square‑foot restaurant property on 0.67 acres; Renovated dining room plus Room 81 private event and dining space; Commercial kitchen, full‑service bar, office, laundry, and extensive storage
