Building Details

Building Size 3,111 SF

Year Built 1950

Stories 1

Listing Agency: RE/MAX Fine Properties

Listed By: Brook Miller · License #BR533974000 Show Phone

Source: Gillettegroupaz

Added: Oct 12 Changed: Oct 15 Last Checked: Oct 15 at 2:28AM

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Investment Insights

Based on property information with market context.

This operating restaurant occupies a 3,111-square-foot, single-level building constructed in 1950. The interior includes a large dining room, a private party room, and two bar areas. Kitchen equipment and features include multiple vent hoods, a dishwasher, a walk-in cooler, a grease trap, floor drains, and a water filtration system. The restaurant serves traditional Mexican food and holds a Series 12 liquor license.

The property spans two parcels on a corner lot totaling 28,873 square feet, or 0.66 acre, with on-site parking. A purified-water station leases space along the southern edge of the parking area, providing an existing tenant arrangement.

Key Highlights

• Operating restaurant with a Series 12 liquor license
• 3,111‑square‑foot, single‑level building; constructed in 1950
• Two parcels combine for 28,873 square feet, or 0.66 acre

Property Analytics

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Current Use

Lidia's Cocina at Old ... Restaurant

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$3.18 /SF/Yr

CAM

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

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

Questions? Ask Rey

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What type of property is this? Where is this conventional restaurants located? What is the lease rate? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Conventional restaurant - A functioning, single-level restaurant features a full kitchen and a separate private event room.

Where is this conventional restaurant located?

The property is located at 505 S MAIN Street Florence, AZ.

What is the lease rate?

The lease rate is $5,500/Mo.

What are key features of this property?

This property features: Operating restaurant with a Series 12 liquor license; 3,111‑square‑foot, single‑level building; constructed in 1950; Two parcels combine for 28,873 square feet, or 0.66 acre