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Property profile & analytics
OFF-MARKET Estimated value $4,435,000
Turn key restaurants

8941 Black Cyn Hwy Phoenix, AZ 85021-4153

7,382 SF 1.59 ac lot Built 1984
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US07-0804564
Property summary
AI-generated overview

This exceptional retail opportunity encompasses 7,458 square feet within a single-story building situated on a 1.74-acre lot in Maricopa County. Currently, 4,433 square feet of space is available, divisible to a minimum of 1,500 square feet, with a maximum contiguous space of 4,433 square feet. The property boasts a highly desirable location at the hard corner of I-17 and Dunlap Road, benefiting from exceptional visibility and access to over 188,963 cars per day. This location is part of a larger 65-acre redevelopment project, "The Village," a planned $850 million mixed-use development featuring 2,600 multifamily units, 150,000 square feet of commercial space, and a hotel. The property is zoned commercial (APN: 158-01-001A) and was renovated in 2024. The high-density area surrounding the property includes over 459,000 people within a 5-mile radius, ensuring a substantial customer base. This space is ideal for a variety of retail or restaurant uses and presents a unique opportunity to be part of a thriving, rapidly developing community. Contact us for pricing and to schedule a showing.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1984
Construction CONCRETE
Total area 7,382 SF
Lot 1.59 ac (69,259 SF)
Zoning code C-C
APN 158-01-001A
UPID US07-0804564
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.58M
Blend (final) Blend
$4.44M
Owner & transaction history
Clear Channel Outdoor LLC · 2 yrs held
Clear Channel Outdoor LLC
since 2024
7 recorded transactions
2025
Price N/A
2024
Price N/A
2023
$2.6M
2019
Price N/A
2004
Price N/A
1999
$2.2M
1988
$1.7M
Zoning & alternative use
C-C · Phoenix, AZ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $5.1M +30.4%
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