Property profile

650 Scottsdale Rd Tempe, AZ 85288

OFF-MARKET
Turn key restaurants
Property ID
US07-2637059
5,037 SF 0.55 ac lot Built 1997
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 5,037 square foot restaurant space presents a unique opportunity for a discerning operator seeking a high-visibility location in the heart of Scottsdale. Located at 650 N Scottsdale Road, this single-tenant property boasts prime frontage on a major thoroughfare, experiencing exceptionally high daily traffic volume. With 45,838 vehicles passing daily on Scottsdale Road and an additional 236,477 vehicles on the nearby Loop 202 freeway, this location ensures maximum exposure to potential customers. The property is a former restaurant, offering a ready-to-customize space, eliminating the need for extensive build-out. The building's strategic position within a dense employment area further enhances its appeal. A substantial daytime workforce of 286,712 employees within a five-mile radius provides a large and readily accessible customer base. This turnkey opportunity combines high visibility, significant traffic counts, and a strong local workforce, making it an ideal location for a thriving restaurant business. The entire 5,037 square feet is currently vacant and available for immediate occupancy. The property is situated in Maricopa County. This is a rare chance to establish a successful restaurant in a highly desirable and well-trafficked area of Scottsdale.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1997
Total area 5,037 SF
Lot 0.55 ac (23,792 SF)
APN 132-22-037
UPID US07-2637059

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

650 Scottsdale Rd Tempe, AZ 85288-2027
Tempe metro Census 318700 PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.40M
Blend (final) Blend
$565k

Owner & transaction history

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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