1516 E THOMAS Road, Phoenix, AZ 85014
$1,450,000
Property Type:
Comm/Industry Sale
Square Footage:
2,782
Lot Size (sq. ft.):
30,825
Status:
Closed
Current Price:
$1,450,000
List Date:
2/06/2026
Last Modified:
5/05/2026
Overview
Description
Supplements:
Listing Details MLS# 6980373
Location, Tax & Legal
- House Number
- 1516
- Compass
- E
- Street Name
- THOMAS
- St Suffix
- Road
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85014
- Zip4
- 5731
- Country
- US
- County Code
- Maricopa
- Subdivision
- N/A
- Assessor Number
- 118-14-037-C
- Tax Year
- 2025
- Assessor's Map #
- 14
- Legal Description (Abbrev)
- COM SE COR SEC 28 TH W 73F TH N 50D W 51.34F TO TPOB TH W 375.48F TH N 11D 4M E 307.44F TH S 37D 39M
- Assessor's Parcel #
- 37
- Assessor Parcel Ltr
- C
- Add'l Parcels
- No
- Tax Municipality
- Phoenix
- Census Tract
- 110600
- Taxes
- 13209
- Legal
- COM SE COR SEC 28 TH W 73F TH N 50D W 51.34F TO TPOB TH W 375.48F TH N 11D 4M E 307.44F TH S 37D 39M
Contract Info
- Ownership
- Fee Simple
General Property Description
- Ttl Apx SqFt Bldg
- 2782
- # of Buildings
- Yes
- Year Built
- 1987
- Uncvrd Parking Spcs
- 34
- Zoning
- C-2
- Flood Zone
- No
Remarks Misc
- Cross Street
- E. Thomas Road and N 16th St
- Directions
- From SR-51, exit at Thomas Rd and head west. Continue past 16th Street; property is on the north side of Thomas Rd just west of 16th St.
Status Change Info
- Off Market Date
- 2026-04-08
- Under Contract Date
- 2026-04-08
- Close of Escrow Date
- 2026-04-29
Legal Info
- Township
- 2N
- Range
- 3E
- Section
- 28
- Lot Number
- n/a
More Information
Income Expenses
- Net Operating Income
- 5400
Showing Notification Methods
- Showing Service
- Aligned Showings
- Text
- Yes
- Yes
- Phone Call
- Yes
Contact Info
- List Agent Home Phn
- 602-492-5325
Sold Info
- Loan Type
- Conventional
- Loan Years
- 30
- Payment Type
- Fixed
- Clsing Cost Split
- Normal - N
- Buyer Concession $/%
- $
- Seller Concession $/%
- $
- Buyer Concession to Seller
- 0
- Seller Concession to Buyer
- 0
Currently Not Used
- Sold Price Per SqFt
- 503.24
Construction
- Block
- Yes
- Stucco
- Yes
Roofing
- Foam
- Yes
Floors
- Laminate
- Yes
- Tile
- Yes
Income & Expenses
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Other Income
- 5400
- Vacancy Allowance
- 0
- Adjusted Gross Inc
- 5400
Building Type
- Commercial
- Yes
Business Type
- Restaurant
- Yes
Pmt & Rate Info
- Cap Rate
- 0.39
- Equity
- 1400000
- Total Owed
- 0
Lockbox Type
- See Private Remarks
- Yes
Ceiling Height
- 10.1 Feet to 12 Feet
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Cooling
- Central Air
- Yes
Interior Features
- Finished
- Yes
- Public Restrooms
- Yes
Loading Facilities
- None
- Yes
Source of Fincl Data
- Owner
- Yes
Fencing
- Block
- Yes
Water Source
- City Franchise
- Yes
Freeway/Highway
- 1.1 - 2 Miles
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- Parking Lot
- Yes
Electric
- APS
- Yes
Gas
- Individual Meter
- Yes
New Financing
- Cash Only
- Yes
Reports/Disclosures
- Seller Prop Disc Stm
- Yes
Environmental
- None
- Yes
Property Features
Building Type:
Commercial
Business Type:
Restaurant
Construction:
Block; Stucco
Roofing:
Foam
Floors:
Laminate; Tile
Ceiling Height:
10.1 Feet to 12 Feet
Heating:
Forced Air; Natural Gas
Cooling:
Central Air
Loading Facilities:
None
Interior Features:
Finished; Public Restrooms
Fencing:
Block
Parking Features:
Parking Lot
Electric:
APS
Gas:
Individual Meter
Water Source:
City Franchise
Sewer:
Sewer - Public
New Financing:
Cash Only
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
See Private Remarks
Source of Fincl Data:
Owner
Environmental:
None
Listing Office:
Cambridge Properties
Last Updated: May - 05 - 2026
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