$1,450,000

501 N Arizona Ave Chandler, AZ 85225

North Chandler Neighborhood

Estimated payment $7,957/month

Total Views 71
-- Bed
-- Bath
3,030 Sq Ft
$479 Price per Sq Ft

Highlights

  • 0.35 Acre Lot
  • Wood Flooring
  • Computer Room
  • Willis Junior High School Rated A-
  • Community Kitchen
  • Central Air

About This Home

Turnkey restaurant + real estate play just north of Downtown Chandler. 501 N Arizona Ave is a ±3,030 SF, 2-unit retail building with high cash-flow Cho Dang Tofu & BBQ in the main ±2,380 SF restaurant space and a separate ±650 SF finished salon/personal-services suite on the south endcap. Sale includes fee simple ownership of the building plus the Cho Dang business, trade name, full commercial kitchen, and FF&E, allowing a new owner to step straight into operations or plug in a new concept with minimal downtime. Hard-corner visibility on Arizona Ave with prominent signage, strong traffic, and abundant on-site parking. Existing liquor license for on-premise beer and wine service to transfer to qualified buyer, subject to state approval.

Listing Agent

Hudson Robison

The Broker Reserve LLC License #BR692045000 Listed on: 12/18/2025

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $4,043

Year Built

  • Built in 1953

Lot Details

  • 0.35 Acre Lot
  • Block Wall Fence
  • Property is zoned C-R

Home Design

  • Block Exterior
  • Stucco

Interior Spaces

  • 3,030 Sq Ft Home
  • Computer Room

Flooring

  • Wood
  • Stone

Parking

  • 30 Open Parking Spaces
  • 30 Parking Spaces
  • Public Parking
  • Private Parking
  • Free Parking
  • Paved Parking

Utilities

  • Central Air
  • Multiple Heating Units
  • Heating unit installed on the ceiling

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 302-64-020

Community Details

Overview

  • Building Dimensions are 102' x 150'
  • Greater Chandler Add Blk 8 9 Subdivision

Amenities

  • Community Kitchen
  • Meeting Room
  • Reception Area

Building Details

  • Operating Expense $4,043
  • Gross Income $233,680
  • Net Operating Income $233,680

Property Details

Property Type

Other

Est. Annual Taxes

$4,043

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Cross Street: Arizona Ave & Oakland St
  • Legal Info Range: 5E
  • Property Type: Comm/Industry Sale
  • Zoning: C-R
  • Number Of Buildings: 1
  • Ownership: Fee Simple
  • Stories: 1
  • Year Built: 1953
  • Tax Year: 2025
  • Lot Size Acres: 0.35
  • Subdivision Name: GREATER CHANDLER ADD BLK 8 9
  • Structure Type: Commercial
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Stone, Wood
  • Living Area: 3030.0

Exterior Features

  • Fencing: Block
  • Disclosures: Sch of Personal Prop
  • Construction Type: Stucco, Block
  • Roof: Rolled/Hot Mop
  • Construction:Block: Yes
  • Construction:Stucco2: Yes

Garage/Parking

  • Parking Features: Parking Lot, Paved, Private, Free
  • Attached Garage: No
  • Open Parking Spaces: 30.0
  • Total Parking Spaces: 30.0
  • General Property Description:Uncvrd Parking Spcs: 30.0
  • General Property Description:Total Parking Spcs: 30.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes
  • Parking Features Free: Yes
  • Parking Features Public Parking: Yes

Utilities

  • Electric: Over 220 Amp, Individual Meter, SRP
  • Cooling: Central Air
  • Heating: 2 or More Units, Electric, Ceiling
  • Green Building Features: Conference Room, Reception Room, Kitchen, Computer Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Lot Info

  • Lot Size: 102' x 150'
  • Lot Size Sq Ft: 15300.0
  • Parcel #: 302-64-020

Multi Family

  • Annual Gross Income: 233680.0
  • Property Net Operating Income: 233680.0
  • Annual Operating Expense: 4043.0

Tax Info

  • Tax Annual Amount: 4043.0
  • Tax Book Number: 302.00
  • Tax Lot: 21
  • Tax Map Number: 64.00

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $4,043 $43,238 -- --
2024 $4,146 $42,465 -- --
2023 $4,146 $50,847 $17,612 $33,235
2022 $4,133 $52,973 $21,648 $31,325
2021 $4,370 $53,892 $22,266 $31,626
2020 $4,345 $54,036 $22,014 $32,022
2019 $4,193 $51,570 $21,330 $30,240
2018 $4,073 $47,592 $17,244 $30,348
2017 $3,827 $44,550 $15,966 $28,584
2016 $3,697 $41,184 $14,256 $26,928
2015 $3,643 $32,635 $11,489 $21,146
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/18/2025 12/18/25 For Sale $1,450,000 -- $479 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Empire Title Agency
Warranty Deed $650,000 Magnus Title Agency
Warranty Deed $475,000 Transnation Title
Joint Tenancy Deed $370,000 Transnation Title Insurance
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 New Conventional
Previous Owner $520,000 New Conventional
Previous Owner $237,500 Purchase Money Mortgage
Previous Owner $355,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6959053

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-64-020

Arizona Maricopa County Chandler 85225 North Chandler

501 N Arizona Ave, Chandler, AZ

For Sale

Other

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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Hudson Robison
Listing Agent
Hudson Robison
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The Broker Reserve LLC
(623) 526-1297