3123 Thomas Rd Phoenix, AZ 85016
- Commercial real estate
- 0.81 lot acres
Current Use by Public Records
- DOMM Delivery / Delivery Service / Alternative Medicine Practitioner
- CHiBD / Alternative Medicine Practitioner
- Red Lion Doctors / Medical Clinic
- Dommlife / Cannabis Store / Spa And Health Club
Property Details for 3123 Thomas Rd
- Year built
- 1980
- Construction
- STEEL FRAME
- Lot size
- 0.81 lot acres
- Zone code
- R1-6
- Property type
- Commercial real estate
- APN
- 120-23-063A
- APU
- 12023063A
Description
This exceptional 4,485 square foot retail property, located at 3123 E Thomas Rd in Phoenix, Arizona (zip code 85016, APN 120-23-063B), presents a unique owner-user opportunity. Boasting a spacious layout ideal for a variety of uses, this property is zoned C-2 and sits on an 8,712 square foot lot. Built in 1961 and recently renovated, the space offers a flexible, open creative area perfect for a bar, restaurant, or storefront. Previous uses include a coffee shop, lounge, and salon, showcasing its adaptability. The property benefits from high visibility Thomas Road frontage and includes a prominent monument sign, enhancing marketing potential. The asking price is $1,375,000, translating to $306.58 per square foot. This is an excellent investment for a business owner seeking a well-located, versatile space with significant potential. The property's recent renovations minimize immediate capital expenditure needs, allowing for a quicker return on investment. The outdoor patio area adds further appeal and expands the usable space. This is a rare opportunity to acquire a turn-key retail space in a desirable Phoenix location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.014
- Latitude
- 33.4797
- CBSA code
- 38060
- CBSA name
- PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
