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Restaurant Space Near Light Rail
New
For Lease
$4,000/Mo NNN

823 S CENTRAL Avenue, Phoenix, AZ 85004

The space is offered under a NNN lease, with its existing business phone number available for transfer.

Space Size2,200 SF
Property Size4,210 SF
Days on Market7

Property Features for 823 S CENTRAL Avenue

General Information

Standard status Active
Size 2,200 SF
Net Rentable 2,200 SF
Property subtype COMMERCIAL
Lease Type NNN

Space & Availability

Available Space 2,200 SF
Contiguous Space 2,200 SF
Space Use Restaurant

Site & Location

Neighborhood Central City

Taxes and HOA fees

Annual Taxes $5,003

Building Details

Building Size 4,210 SF
Year Built 1934
Listing Agency: Realty ONE Group
Listed By: Michael Snitz · License #SA651575000
Source: Jcluxuryresidential
Added: Oct 22 Changed: Oct 27 Last Checked: Oct 27 at 2:09AM

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 Realty ONE Group

Rey
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Investment Insights

Based on property information with market context.

This restaurant space contains approximately 2,200 square feet and was built in 1934. The existing business phone number can transfer with the lease, and the lease structure is NNN.

The property is within walking distance of The Duce and Valley Metro light rail in downtown Phoenix.

Key Highlights

  • Approximately 2,200 square feet of restaurant space
  • NNN lease structure
  • Existing business phone number available for transfer

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

New Garden Restaurant Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Wine and Liquor Store Locksmith Acupuncture Nursing Home

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

Location Intelligence

Trade Area within ½ mile

1,575
Businesses Nearby
Under-served
Demand for This Use

Demographics for 85004, AZ

8,833
Population
6,455
Households
1.4
Avg Household Size
32
Median Age
59%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
4,206
Density / Sq Mi
$71,250
Median Household Income
$46,376
Median Earnings
$1,759
Median Rent
$365,500
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 Phoenix, AZ

8.5% 2019
8.7% 2020
7.4% 2021
5.6% 2022
5.1% 2023
5.4% 2024
5.3% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The space is offered under a NNN lease, with its existing business phone number available for transfer.
Where is this conventional restaurant located?
The property is located at 823 S CENTRAL Avenue Phoenix, AZ.
What is the lease rate?
The lease rate is $4,000/Mo.
What are key features of this property?
This property features: Approximately 2,200 square feet of restaurant space; NNN lease structure; Existing business phone number available for transfer
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