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501 N Arizona Ave
Chandler, AZ 85225
Business & Real Estate Sale · Retail Property For Sale
Investment Highlights
- Two-unit retail building with established restaurant and salon
- Restaurant business averaging $816K annual revenue and $124K net profit
- Strong market fundamentals with rent comps at $35–$45/SF NNN
- Prime Arizona Avenue frontage in a high-traffic corridor
- Includes FF&E for seamless operational continuity
Executive Summary
Seller Financing may be available for the right buyer!! 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-premises beer and wine service to transfer to qualified buyer, subject to state approval.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,030 SF
Building Class
C
Year Built/Renovated
1953/2024
Price
$1,450,000
Price Per SF
$478.55
Cap Rate
18.14%
NOI
$263,000
Percent Leased
79%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.35 AC
Zoning
C-3 Chandler
Parking
30 Spaces (9.9 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Drive Thru
- Storage Space
- Monument Signage
- Smoke Detector
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $14,444 | Total Assessment | $57,682 |
Property Taxes
Parcel Numbers
Land Assessment
$14,444
Improvements Assessment
$0
Total Assessment
$57,682
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