Operational Mexican
505 S Main Street Florence, AZ 85132
505 S Main Street, Florence, AZ, 85132
$630,000
For Sale
$630,000
Fully built-out single-level restaurant with a private dining room, multiple vent hoods, and two customer bars.
Property Size3,111 SF
Lot Size0.66 Acres
Price / SF$202.51
Days on Market279
Property Features for 505 S Main Street
General Information
- Standard status
- Active
- Size
- 3,111 SF
- Lot size
- 0.66 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
RE/MAX Fine Properties
(602) 391-7164
Listed by
Brook Miller · License #BR533974000
(602) 391-7164
Source
Sunhaven-realestate
Added: Oct 17, 2025 Updated: Jul 22 at 4:58AM Checked: Jul 22 at 4:58AM
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
Investment Insights
Based on property information with market context.
This fully built-out, operational restaurant is housed in a single-level 3,111-square-foot building designed for active service. The space includes a large dining room, a full kitchen with multiple vent hoods, two separate bars, a private party room, and dedicated back-of-house support such as a dishwasher, grease trap, floor drains, and a large walk-in cooler. The property also includes water filtration equipment, a natural gas system, three restrooms (two for customers and one for employees), and a private office.
The restaurant is situated on a large corner lot that includes two parcels totaling 0.66 acres, with plenty of parking. The offering also notes an existing strategic partnership with a purified water station leasing space on the far south side of the parking lot for additional monthly income.
A liquor license is included as part of the operation, described as a series 12 liquor license, and the menu is stated as authentic traditional Mexican food with a full menu.
The restaurant is situated on a large corner lot that includes two parcels totaling 0.66 acres, with plenty of parking. The offering also notes an existing strategic partnership with a purified water station leasing space on the far south side of the parking lot for additional monthly income.
A liquor license is included as part of the operation, described as a series 12 liquor license, and the menu is stated as authentic traditional Mexican food with a full menu.
Key Highlights
- 3,111 SF single‑level fully built‑out restaurant on Main Street in Downtown Florence, with large dining room and private party room
- Large corner lot totaling 28,873 SF (.66 acre) across two parcels, with plenty of parking
- Restaurant has two separate customer bars and 3 restrooms (two for customers, one for employees)
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 | $56.0k | $18.00 |
| − Vacancy | −$3.6k | −$1.17 |
| EGI | $52.4k | $16.83 |
| − OpEx | −$13.1k | −$4.21 |
| NOI | $39.3k | $12.62 |
3,111 SF · lease $18.00/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$561.0K
$490.9K – $654.5K
NOI $39,269 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$860.1K
$752.6K – $1.00M
NOI $60,205 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Lidia's Cocina at Old ...
Restaurant
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FAQs
What type of property is this?
Conventional restaurant - Fully built-out single-level restaurant with a private dining room, multiple vent hoods, and two customer bars.
Where is this conventional restaurant located?
The property is located at 505 S Main Street Florence, AZ.
What is the asking price?
The asking price for this property is $630,000.
What are key features of this property?
This property features: 3,111 SF single‑level fully built‑out restaurant on Main Street in Downtown Florence, with large dining room and private party room; Large corner lot totaling 28,873 SF (.66 acre) across two parcels, with plenty of parking; Restaurant has two separate customer bars and 3 restrooms (two for customers, one for employees)
