Property profile

0 Stunningly Gorgeous Restaurant And Bar For Sale In Phoenix! Phoenix, AZ 85012

OFF-MARKET
Retail properties & Spaces
3,000 SF Built 2023
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Property summary

AI-generated overview

This stunning, 3,000 square-foot restaurant and bar, built in 2023, is located in a prime Phoenix, Arizona (zip code 85012) location. Boasting a high-end design, it features a full kitchen, main bar area with booths and tables, a separate speakeasy lounge with mid-century modern design, and a beautifully landscaped patio. The property includes all furniture, fixtures, and equipment. The current lease, at a rate of $10,975 per month, expires in April 2028, with a five-year option to renew until 2033. The business generated $1,207,388 in gross revenue and currently employs six people. Two weeks of support will be provided to the new owner for a smooth transition. The seller is motivated by other opportunities. This turn-key operation offers immediate occupancy and significant growth potential in a thriving area of Phoenix, with excellent visibility and ample parking. The restaurant's design is luxurious yet approachable, creating a welcoming atmosphere for a diverse clientele. The connected speakeasy provides a unique opportunity to expand offerings and cater to a wider market. This is a rare opportunity to acquire a fully operational, high-end establishment with a proven track record and significant upside.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2023
Total area 3,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Stunningly Gorgeous Restaurant And Bar For Sale In Phoenix! Phoenix, AZ 85012
Phoenix metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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