Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 6980373 – 1516 E Thomas Road, Phoenix, AZ 85014

$1,400,000 - Br/Ba - for Sale in N/a, Phoenix
Price: $1,400,000
Lot Size Acres: 0.71
Lot Size SqFt: 30,825
Status: Pending
Property Type: Comm/industry Sale
Year Built: 1987
Days on Website: 85

Courtesy of Cambridge Properties

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.

Open House

Property Details and Features

  • Building
  • Built in 1987
  • Living area: 2782
  • Construction materials: “Stucco”, “Block”
  • Cooling
  • “Central Air”
  • Fence
  • “Block”
  • Floors
  • “Tile”
  • “Laminate”
  • Heating
  • “Forced Air”
  • “Natural Gas”
  • Listing
  • Listing ID: 6980373
  • Standard status: Pending
  • 62 days on market
  • Location
  • Subdivision name: N/A
  • Lot
  • 0.71 acres
  • 30,825 sqft
  • Parking
  • “Parking Lot”
  • 34 total parkings
  • Property
  • Zoning: C-2
  • Roof
  • “Foam”
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $13,209
  • Lot: n/a
  • Utilities
  • “APS”

Property Map

$1,400,000 – 1516 E Thomas Road, Phoenix, AZ 85014

Street View

Nearby Schools

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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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