2700 S MILL Avenue, Tempe, AZ 85282
$1,200,000
Property Type:
Comm/Industry Sale
Square Footage:
5,221
Lot Size (sq. ft.):
37,287
Status:
Closed
Current Price:
$1,200,000
List Date:
11/07/2013
Last Modified:
7/31/2025
Description
**Great opportunity for a free standing neighborhood restaurant on nearly a one acre lot on Mill Ave ** Long time family operation includes all FF&E along with a load of ''Good Will'' established over generations (since 1947, this location since 1989)** Liquor license purchased separate - negotiable ** 120 occupancy ** nice patio with fireplace ** Beautiful skylights throughout ** Fireplace in lounge ** Hostess station and waiting area **
More Information MLS# 5026911
Contract Info
Ownership: Fee Simple
Current Price: $1,200,000
Sold Price: $1,200,000
Status: Closed
List Date: 2013-11-05
Location, Tax & Legal
Assessor's Map #: 50
Legal Description (Abbrev): NU-VISTA 5 LOTS 259-328, 392-405, TR B & C
Assessor's Parcel #: 85
Assessor Parcel Ltr: K
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 319600
Taxes: 18236
Legal: NU VISTA UNIT FIVE MCR 93/17 TR B COM NW COR TH E 158F POB TH CON
Marketing Name: Riazzi's Italian Garden
Map Code/Grid: R36
House Number: 2700
Compass: S
Street Name: MILL
St Suffix: Avenue
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 3514
County Code: Maricopa
Subdivision: Nu Vista 5, Lots 259-328, 392+
Assessor Number: 133-50-085-K
Tax Year: 2012
General Property Description
Type of Property: Restaurant
Ttl Apx SqFt Bldg: 5221
# of Buildings: 1
Uncvrd Parking Spcs: 50
Year Built: 1979
Zoning: CSS
Legal Info
Range: 4E
Section: 27
Township: K1N
Lot Number: K
Construction
Block: 1
Stucco: 1
Wood Frame: 1
Roofing
Foam: 1
Rolled: 1
Other: 1
Floors
Carpet: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 18236
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Other (See Remarks): 1
Business Type
Restaurant: 1
Stories
1 Story: 1
Pmt & Rate Info
Down Payment: 0
Equity: 1200000
Total Owed: 0
Assessment Balance: 0
Ceiling Height
8 Feet or Less: 1
8.1 Feet to 10 Feet: 1
Heating
Other: 1
See Remarks: 1
Cooling
Central Air: 1
Interior Features
Finished: 1
Private Restrooms: 1
Loading Facilities
Grade Level: 1
Road Access Type
Dedicated Street: 1
Road Surface Type
Asphalt: 1
Exterior
Corner Lot: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Source of Fincl Data
Other (See Remarks): 1
Fencing
None: 1
Water Source
City Franchise: 1
Freeway/Highway
Up to 1 Mile: 1
Building Features
Kitchen: 1
Sewer
Sewer - Public: 1
Parking Features
Parking Lot: 1
Paved: 1
Electric
SRP: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Contact Info
List Agent Pager: 480-839-2600
Sold Info
Loan Type: SBA
Loan Years: 25
Payment Type: Fixed
Clsing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: Mill and Southern
Directions: Approximately 1/2 way between Southern and Broadway on Mill Ave. Signalized corner on the Southwest corner of Alamada and Mill.
Geo Lat: 33.399642
Geo Lon: -111.940076
Status Change Info
Off Market Date: 2017-05-24
Under Contract Date: 2017-05-23
Close of Escrow Date: 2017-08-31
Sold Price: $1,200,000
Property Features
Building Type: Commercial; Other (See Remarks)
Business Type: Restaurant
Stories: 1 Story
Construction: Block; Stucco; Wood Frame
Roofing: Foam; Rolled; Other
Floors: Carpet
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet
Heating: Other; See Remarks
Cooling: Central Air
Loading Facilities: Grade Level
Interior Features: Finished; Private Restrooms
Exterior: Corner Lot; Curb(s) & Gutter(s); Building Sign; Sidewalk(s)
Fencing: None
Building Features: Kitchen
Parking Features: Parking Lot; Paved
Road Access Type: Dedicated Street
Electric: SRP
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only
Source of Fincl Data: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Environmental: None
Listing Office:
AZ Brokerage Holdings, LLC
Last Updated: July - 31 - 2025
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.