5037 W THOMAS Road Phoenix, AZ $ 1,500,000
5037 W THOMAS Road
$ 1,500,000
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5037 W THOMAS Road

Phoenix, AZ, 85031
$ 1,500,000
Bedrooms-- Baths-- Sq 2,904

Monthly Estimate*

$ 9,358

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Commercial Property for sale in Phoenix, AZ

for $1,500,000. This 2,904 square foot building was built in 1979 on a lot size of 0.69.

Incredible opportunity to own a fully operational, Established restaurant with steady clientele and major upgrades completed from 2020-2025. This turn-key business features a new roof, updated plumbing and electrical, new flooring, sheetrock, full insulation, soundproofing, and a new ceiling. Interior improvements include a remodeled bar (2020 & 2022), updated seating, patio area, and two pool tables. The kitchen is exceptionally equipped with a walk-in cooler and freezer, upgraded compressor (2023), double extractor hoods (one 2025), stoves, flat-top grill, prep tables, coolers, freezers, fryer, and a large 1,600-gallon grease trap. Additional features include a sound system (2023), 10 TVs, live-music license, security camera system, and an Arizona Series 12 (Restaurant) Liquor

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Commercial Active

Price

$ 1,500,000

Property Type

Commercial

Taxes

$ 14,023

Style

Comm/Industry Sale

Lot Size

0.69

Year Built

1979

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6947905

Features
General
Sewer Public Sewer
Heating Heat Pump
Cooling Central Air Heat Pump
Roof Composition
Zoning CN Commercial
Construction Materials Wood Frame Block
Year Built 1979
Electric Individual Meter SRP
Township 2N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 0.0
Business Type Food Service Retail Fast Food Restaurant
County Maricopa
Net Operating Income 0.0
Insurance Expense 0.0
Property Type Comm/Industry Sale
Attached Garage N
MaintenanceExpense 0.0
Subdivision Name To followed in escrow.
Building Features Kitchen Display Window(s)
Status Active
City Phoenix
Disclosures None
Open Parking Spaces 38.0
Lot Size Units Square Feet
Lot Size Square Feet 30100.0
Carport Y/N N
Tax Annual Amount 14023.0
Electric Expense 0.0
Fuel Expense 0.0
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Commercial
Standard Status Active
Occupancy Type Owner
Tax Lot 0
Senior Community N
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Interior
Flooring Ceramic Tile
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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Exterior
Fencing Other See Remarks
Parking Features Paved Free
Water Source City Franchise
Total Parking 38.0
Lot Size Area 30100.0
Number of Buildings 1
Spa N
Lot Size Acres 0.69
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 5037
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* Excluded Features
List By
American Freedom Realty

Broker

juliochernandezrealtor@gmail.com

Email

Affordability Calculator

$10,527
Per Month
89%
11%
0%
Monthly Principal & Interest
$9,358
Monthly Property Taxes
$1,169
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/15/2025$1,500,000 Listed Price

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5037 W THOMAS Road, Phoenix, AZ, 85031 is a Commercial Property for sale at $1,500,000 with 2,904 sqft and a lot size of 0.69. 5037 W THOMAS Road was built in 1979. The property's zip code is 85031 which is in Phoenix, AZ