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High-visibility former restaurant opportunity located directly on Thomas Road in the heart of Midtown Phoenix. This ±2,762 SF freestanding building sits on an oversized ±0.75-acre C-2 zoned parcel"”providing excellent parking (34 spaces), strong frontage, and flexibility for restaurant, QSR, or freestanding retail use. Recently improved in 2022 with new kitchen equipment, flooring, ceilings, plumbing, HVAC modifications, lighting, and refreshed dining areas, offering a true turn-key foundation for operators or owner/users. The large lot allows for potential drive-thru integration or expanded outdoor/parking layouts, uncommon for the corridor. Additional upside includes an income-producing billboard lease in place through 2028. Positioned within a sub-5% vacancy trade area surrounded by dense residential and major arterials, this is a rare infill pad with strong fundamentals and multiple paths to value creation.
| DAYS ON MARKET | 16 | LAST UPDATED | 2/5/2026 |
|---|---|---|---|
| TRACT | N/A | YEAR BUILT | 1987 |
| COMMUNITY | N/A | COUNTY | Maricopa |
| STATUS | Active | PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Block, Stucco |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.71 acre(s) |
| PARKING | Parking Lot |
| SEWER | Public Sewer |
| SUBDIVISION | N/A |
| TAXES | 13209 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
0
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*Estimate only
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Listed with Cambridge Properties
The ARMLS logo indicates a property listed by a real estate brokerage other than cambridgeproperties.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 2/20/26 4:15 PM PST.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Data last updated 2/20/26 4:15 PM PST.
This IDX solution is (c) Diverse Solutions 2026.