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    FOR SALE
    Turn key restaurants

    2145 E Van Buren St, Phoenix, AZ 85034

    2,183 SF 0.15 ac lot Built 1937
    Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US07-1044394
    Property summary
    AI-generated overview

    This exceptional 2,184 square foot retail property, located at 2145 E Van Buren St in Phoenix, Arizona (zip code 85006, APN 115-02-083A), presents a compelling value-add investment opportunity. Currently vacant, this Class C building is zoned C-G and offers significant potential for a variety of uses, including convenience store, quick-service restaurant (QSR), or full-service restaurant operations. The asking price is $695,000, translating to $318.22 per square foot. The property's freestanding design allows for flexibility and potential expansion, such as the addition of a patio area. Its strategic location adjacent to the I-10 Freeway and in close proximity to the VA Hospital ensures high visibility and convenient access for customers and employees. This owner-user opportunity is ideal for an entrepreneur seeking a prime location with substantial upside potential. The property's size and zoning provide a solid foundation for a thriving business venture. Serious inquiries are encouraged to explore this unique investment prospect in a high-traffic area of Phoenix. Further details regarding the property's specifications and potential uses are available upon request.

    Property profile
    Verified
    Property type Turn key restaurants
    Use group RESTAURANT
    Year built 1937
    Construction CONCRETE
    Total area 2,183 SF
    Lot 0.15 ac (6,612 SF)
    Zoning code C-G
    APN 115-02-083
    UPID US07-1044394
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • San Francisco Chocolate Factory Specialty Food Shop Candy Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Jay Properties LLC · 2 yrs held
    Jay Properties LLC
    since 2023
    2 recorded transactions
    2023
    $615,000
    2016
    $240,000
    Zoning & alternative use
    C-G · Phoenix, AZ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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