16th St & Mcdowell Rd Phoenix, AZ 85016
This exceptional turnkey restaurant opportunity is located in a high-traffic area of Phoenix, Arizona, at the intersection of 16th Street and McDowell Road, zip code 85016. The property, identified by APN 116-21-012, boasts a spacious 1,890 square foot interior, perfect for a variety of culinary concepts. Built in 1988, the property sits on a sizable 7,988 square foot lot and includes two buildings, offering potential for expansion or outdoor seating. The property is classified as retail, with a single tenancy, making it an ideal investment for a single owner-operator or a small restaurant group. Its prime location in Maricopa County ensures high visibility and accessibility for customers. The property's existing infrastructure provides a solid foundation for a new restaurant venture, minimizing initial setup costs and allowing for a swift transition into operation. This is a rare chance to acquire a well-situated, established restaurant space in a thriving Phoenix neighborhood. The property is being offered for sale and presents a compelling investment opportunity for those seeking to establish or expand their restaurant business in a dynamic market. The property's size and location make it suitable for a variety of restaurant concepts, from casual dining to fast-casual establishments. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.