AZ
Maricopa
Phoenix
85014
1516 E THOMAS Road
1516 E THOMAS Road, Phoenix, AZ 85014
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Listing Type
Commercial/Industrial
Listing Status
Active
16
$1,400,000

Home Details for 1516 E THOMAS Road

Price
$1,400,000
Type
Commercial Sale
Square feet
2782
Year built
1987
Lot size acres
0.71
County
Maricopa
Listing #
6980373
Listing Courtesy: Cambridge Properties - 602-493-5100
Property Description

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.

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Parking
    • Parking Lot
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Last Updated: 2026-04-08 19:50:34
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EXIT REALTY COANNAH
610 N. Alma School Rd #18, Chandler, AZ 85224
Megan Strom
License #: SA702324000
Sales Representative
Office
480 284 6283
Agent
253 861 6014
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