Operating Restaurant with Two
For Sale
Contact for pricing
505 S Main St, Florence, AZ 85132
A full-service Mexican restaurant includes a dedicated party room and an existing water-station lease on part of the parking area.
Property Size3,111 SF
Lot Size0.66 Acres
Price / SF$1.77
Days on Market9
Property Features for 505 S Main St
General Information
Standard status
Active
Size
3,111 SF
Lot size
0.66 Acres
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Business Included
Yes
Building Details
Year Built
1950
Buildings
1
Stories
1
Abandoned
No
Listing Agency:
RE/MAX Fine Properties
Listed By:
Brook Miller · License #BR533974000
(602) 391-7164
Source:
Searchallarizonahouses
Added: Oct 11
Changed: Oct 16
Last Checked: Oct 19 at 7:02AM
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 RE/MAX Fine Properties
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Investment Insights
Based on property information with market context.
This operating restaurant occupies a single-level 3,111-square-foot building at 505 S Main St in downtown Florence. The layout includes a large dining room, private party room, two bars, and a full kitchen equipped with multiple vent hoods, a dishwasher, grease trap, floor drains, a walk-in cooler, and a water filter. The business has a Series 12 liquor license and serves traditional Mexican food alongside other menu offerings.
The property spans two parcels totaling 28, 873 square feet, or .66 Acre, at a corner location on Main Street. Parking is provided on site. A purified-water station leases space along the south side of the parking lot under an existing partnership, creating an additional income component.
The property spans two parcels totaling 28, 873 square feet, or .66 Acre, at a corner location on Main Street. Parking is provided on site. A purified-water station leases space along the south side of the parking lot under an existing partnership, creating an additional income component.
Key Highlights
- Operating restaurant in a 3,111‑square‑foot, single‑level building
- Two parcels totaling 28, 873 square feet, or .66 Acre
- Large dining room, private party room, and two bars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,269
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,380
$785.4K
Cap Rate 7%
$560,986
$561.0K
Cap Rate 9%
$436,322
$436.3K
Market Conditions
NOI Build-Up for 3,111 SF
Gross rent
$56.0K $18.00/SF
− Vacancy
−$3.6K −$1.17/SF
EGI
$52.4K $16.83/SF
− OpEx
−$13.1K −$4.21/SF
NOI
$39.3K $12.62/SF
Area
Pinal County, AZ
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,380
Cap Rate 7%
$560,986
Cap Rate 9%
$436,322
Alternative Uses
Best Use
Specialty Retail
$561.0K
$490.9K – $654.5K
NOI $39,269 @ 7.0% cap · market cap 713.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.1K
$752.6K – $1.00M
NOI $60,205 @ 7.0% cap · market cap 1,094.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
26k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Shops & Services 39%
Home Improvements & Furnishings 21%
Taco Bell
Dining
10,260 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,832 visits/mo
0.4 miles
Ruggiero's Ace Hardware
Home Improvements & Furnishings
5,414 visits/mo
0.2 miles
Demographics for 85132, AZ
38,848
Population
11,901
Households
3.3
Avg Household Size
39
Median Age
18%
College-Educated
83%
High-School Grad
601.3 sq mi
ZIP Area
65
Density / Sq Mi
$76,832
Median Household Income
$41,633
Median Earnings
$1,268
Median Rent
$314,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A full-service Mexican restaurant includes a dedicated party room and an existing water-station lease on part of the parking area.
Where is this conventional restaurant located?
The property is located at 505 S Main St Florence, AZ.
What are key features of this property?
This property features: Operating restaurant in a 3,111‑square‑foot, single‑level building; Two parcels totaling 28, 873 square feet, or .66 Acre; Large dining room, private party room, and two bars
