$9,062
SOLD JUN 30, 2025
-- Bed
-- Bath
4,700 Sq Ft
-- Built

Recently Sold

$2 Per Sq Ft

5% Above List Price

171 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Air
  • Heating Available
  • Phoenix Coding Academy Rated A

About This Home

As of June 2025

Restaurant space at Thomas and 3rd St attached to a high volume Chevron with separate entrances, dedicated drive thru and abundant parking. Offering 2,500 square feet of prime real estate in a high traffic, high density market. Positioned in the heart of Midtown Phoenix, this location boasts high
visibility and high traffic, the property is surrounded by a thriving mix of residential, commercial, and cultural landmarks, ensuring a steady stream of potential customers with over 175K residents and over 200K employees within three miles. With easy access to major arterial roads and public transport, this restaurant space offers unparalleled convenience. Monument Signage available.

Last Agent to Sell the Property

Sean Brown

Realty ONE Group License #BR682879000 Listed on: 01/10/2025

Last Buyer's Agent

Non-Represented Buyer

Non-MLS Office

Property Details

Property Type

  • Other

Lot Details

  • Property is zoned C-1

Home Design

  • Wood Frame Construction
  • Tile Roof

Interior Spaces

  • 4,700 Sq Ft Home
  • Ceramic Tile Flooring

Parking

  • 23 Open Parking Spaces
  • 23 Parking Spaces
  • Public Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Property Available on 1/10/25
  • Assessor Parcel Number 118-45-004-A

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Cross Street: Thomas and 3rd St
  • Property Type: Comm/Industry Lease
  • Zoning: C-1
  • Lease Info Annual C A M Sq Ft: 6.5
  • Lease Info Annual Lease Price: 103750.0
  • Lease Info Annual Lse Prc P S F: 41.5
  • Lease Info Base Rent Escalation: Yes
  • Lease Info Lease Year Min Max: 5
  • Lease Info Space Divisible: No
  • Tax Year: 2024
  • Structure Type: Commercial
  • Tax Parcel Letter: A
  • Cooling:Central Air: Yes
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Ceramic Tile
  • Living Area: 4700.0

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame
  • Roof: Tile
  • Construction:Wood Frame2: Yes

Garage/Parking

  • Parking Features: Parking Lot
  • Attached Garage: No
  • Open Parking Spaces: 23.0
  • Total Parking Spaces: 23.0
  • General Property Description:Uncvrd Parking Spcs: 23.0
  • General Property Description:Total Parking Spcs: 23.0
  • Tenant Pays:Parking Area Maint: Yes
  • Parking Features Public Parking2: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Additional Parcels: No
  • Parcel #: 118-45-004-A

Rental Info

  • Available Date: 2025-01-10

Multi Family

  • Owner Pays: None
  • Existing Lease Type: NNN, Base & Percentage, Deposit Required, Sublease, CPI Clause
  • Leasable Area: 2500.0

Tax Info

  • Tax Annual Amount: 26159.0
  • Tax Book Number: 118.00
  • Tax Map Number: 45.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2013
Sold by
T & B Holdings Llc
Bought by
305 E Thomas Road Llc

Purchase Details

Closed on
Feb 14, 2005
Sold by
Equilon Enterprises Llc
Bought by
T & B Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,496,000
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 25, 1999
Sold by
Texaco Refining & Marketing Inc
Bought by
Equilon Enterprises Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Cash Sale Deed $1,860,000 Stewart Title & Trust Of Pho
Special Warranty Deed $1,300,000 Chicago Title Insurance Co
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $5,496,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2025 06/30/25 Sold $9,062 +4.8% $2 / Sq Ft
01/10/2025 01/10/25 For Sale $8,646 -- $2 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $26,250 $202,139 -- --
2024 $26,036 $198,530 -- --
2023 $26,036 $424,167 $301,223 $122,944
2022 $26,653 $343,561 $227,098 $116,463
2021 $27,880 $354,222 $233,586 $120,636
2020 $27,175 $305,046 $181,998 $123,048
2019 $25,995 $170,532 $66,600 $103,932
2018 $25,136 $164,790 $61,668 $103,122
2017 $23,076 $175,788 $64,224 $111,564
2016 $22,261 $163,692 $60,030 $103,662
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6803044

Arizona Regional Multiple Listing Service (ARMLS)

APN: 118-45-004A