2438 E Mcdowell Rd, Phoenix, AZ 85008
For Sale
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This exceptional investment opportunity presents a 4,100 square foot, partially remodeled adult entertainment club in Phoenix, Arizona's Arcadia area, near Scottsdale. Located on busy McDowell Road, this property benefits from high visibility and traffic, being less than a mile from two major highways and near a busy intersection. The building boasts 50 parking spaces and is grandfathered with C2 zoning. The significant advantage is its possession of a rare Series 6 liquor license (beer, wine, and liquor), one of only 27 in Arizona. The HVAC, bathrooms, and electrical systems are complete, with minimal finishing required (estimated $20,000-$50,000). A long-term lease is in place until December 30th, 2037, with a favorable rent of approximately $1 per square foot, subject to a 3% annual increase. The property offers potential for expansion into adjacent space. Seller financing is available for qualified buyers. Asking price: $800,000. This is a unique opportunity to acquire a well-situated, established business with significant growth potential in a high-demand market.
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Premier Restaurant Supply and Service LLC Big Box & Wholesale Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C-2 · Phoenix, AZPhoenix. Always verify with local authorities before improvements.
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.