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    3123 Thomas Rd Phoenix, AZ 85016

    For Sale
    $1,375,000

    Thomas Road Bar/Restaurant - $1.375M

    Property size:
    4,485 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 4,485 square foot retail property, located at 3123 E Thomas Rd in Phoenix, Arizona (zip code 85016, APN 120-23-063B), presents a unique owner-user opportunity. Boasting a spacious layout ideal for a variety of uses, this property is zoned C-2 and sits on an 8,712 square foot lot. Built in 1961 and recently renovated, the space offers a flexible, open creative area perfect for a bar, restaurant, or storefront. Previous uses include a coffee shop, lounge, and salon, showcasing its adaptability. The property benefits from high visibility Thomas Road frontage and includes a prominent monument sign, enhancing marketing potential. The asking price is $1,375,000, translating to $306.58 per square foot. This is an excellent investment for a business owner seeking a well-located, versatile space with significant potential. The property's recent renovations minimize immediate capital expenditure needs, allowing for a quicker return on investment. The outdoor patio area adds further appeal and expands the usable space. This is a rare opportunity to acquire a turn-key retail space in a desirable Phoenix location.

    Property Features for 3123 Thomas Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    4,485 SF

    Building Details

    Year Built
    1961

    HighLights

    • 4,485 SF retail space with outdoor patio.
    • Previously operated as a coffee shop, lounge, and salon.
    • Versatile space suitable for various retail uses.
    • Recently renovated, minimizing upfront capital expenditures.
    • High‑visibility location on Thomas Road with a monument sign.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DOMM Delivery Delivery Service CHiBD Alternative Medicine Practitioner Red Lion Doctors Medical Clinic Dommlife Cannabis Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phoenix
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.01405641
    Latitude
    33.480372

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    FAQs

    What type of property is this?
    Individual retail property - Thomas Road Bar/Restaurant - $1.375M
    Where is this individual retail property located?
    The property is located at 3123 Thomas Rd Phoenix, AZ.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: 4,485 SF retail space with outdoor patio.; Previously operated as a coffee shop, lounge, and salon.; Versatile space suitable for various retail uses.
    Request Owner's contact information
    3123 Thomas Rd Phoenix, AZ 85016
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3123 Thomas Rd Phoenix, AZ 85016
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