Phoenix – Only $79 000 Phoenix, AZ 85041
- Retail properties
- 2,800 SF
Current Use by Public Records
- Retail properties
Property Details for 0 Phoenix – Only $79 000
- Year built
- 1993
- Property size
- 2,800 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This 2,800 sq ft. restaurant and bar in Southwest Phoenix is available for $79,000. Established in 1993, this business boasts a 5-year lease (expiring November 1, 2027) with a monthly rent of $4,500. The space includes a fast-casual dining area with a full kitchen and a separate bar area ripe for renovation and reimagining, perhaps as a speakeasy. The current setup includes ample seating (20 indoor), a full kitchen with commercial-grade equipment (including fryers, griddles, refrigeration units, and a hood system), and existing bar infrastructure. The business currently employs nine people. Southwest Phoenix is experiencing significant growth, with new housing and infrastructure projects underway, and the upcoming light rail extension promises increased foot traffic. While no financial documents are available, the asking price reflects the opportunity for a buyer to revitalize this space. The seller is motivated to retire and open to offers. This presents a unique chance to acquire an established business in a rapidly developing area at an affordable price. The property includes a variety of existing equipment, including multiple refrigerators, freezers, work tables, a three-compartment sink, and shelving units. Note that the equipment list is approximate, and a detailed inventory will be provided during due diligence. Currently, there is no liquor license.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.113
- Latitude
- 33.3885
