Property profile

170 Main St Florence, AZ 85132

OFF-MARKET
Turn key restaurants
Property ID
US07-0301087
2,619 SF 0.21 ac lot Built 1972
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 170 N MAIN Street Unit 170, Florence, AZ, presents a unique investment opportunity. The building, constructed of slump block, boasts a substantial 2600+ square feet of space, previously utilized as a restaurant. The layout includes ample dining space, a large kitchen area perfectly suited for food preparation, and convenient his and hers public restrooms. A significant advantage is the inclusion of three walk-in coolers, ideal for food storage and preservation. The property sits on a 0.21-acre lot, offering considerable flexibility. The expansive rear lot provides potential for additional parking to supplement the public parking conveniently located directly across the street. Alternatively, this outdoor space could be developed to expand the dining area, creating an inviting outdoor patio. This prime location in the heart of Historic Downtown Florence offers high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The building's solid construction and versatile layout provide a strong foundation for a successful business. Priced at $359,000, this property represents an excellent chance to acquire a piece of Florence's vibrant commercial landscape. Don't miss this chance to own a piece of history and build your future.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1972
Construction CONCRETE
Total area 2,619 SF
Lot 0.21 ac (9,280 SF)
APN 200-44-029B
UPID US07-0301087

Cap rate & NOI

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

Location

170 Main St Florence, AZ 85132
Florence metro Census 904 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2018
4 recorded transactions
2018
$225,000
2006
$102,500
2005
$205,000
1995
$65,000

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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