5037 W THOMAS Road, Phoenix, AZ 85031 (MLS# 6947905)

5037 W THOMAS Road, Phoenix, AZ 85031

$1,500,000

Property Type: Comm/Industry Sale Square Footage: 2,904 Lot Size (sq. ft.): 30,100 Status: Active

Current Price: $1,500,000 List Date: 11/15/2025 Last Modified: 12/05/2025

Overview

Description

Incredible opportunity to own a fully operational, Established restaurant with steady clientele and major upgrades completed from 2020-2025. This turn-key business features a new roof, updated plumbing and electrical, new flooring, sheetrock, full insulation, soundproofing, and a new ceiling. Interior improvements include a remodeled bar (2020 & 2022), updated seating, patio area, and two pool tables. The kitchen is exceptionally equipped with a walk-in cooler and freezer, upgraded compressor (2023), double extractor hoods (one 2025), stoves, flat-top grill, prep tables, coolers, freezers, fryer, and a large 1,600-gallon grease trap. Additional features include a sound system (2023), 10 TVs, live-music license, security camera system, and an Arizona Series 12 (Restaurant) Liquor

Listing Details MLS# 6947905

Location, Tax & Legal

House Number: 5037
Compass: W
Street Name: THOMAS
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85031
Zip4: 4008
Country: US
County Code: Maricopa
Subdivision: To followed in escrow.
Assessor Number: 103-19-005-G
Tax Year: 2024
Assessor's Map #: 19
Legal Description (Abbrev): PT NW4 NW4 DAF BEG AT NW COR SEC TH E 445.88F TO PT 20F W OF NW COR OF BRAEWOOD ESTATES TH S 40.0F
Assessor's Parcel #: 5
Assessor Parcel Ltr: G
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 112302
Taxes: 14023
Legal: PT NW4 NW4 DAF BEG AT NW COR SEC TH E 445.88F TO PT 20F W OF NW COR OF BRAEWOOD ESTATES TH S 40.0F

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 2904
# of Buildings: Yes
Year Built: 1979
Uncvrd Parking Spcs: 38
Zoning: CN Commercial

Remarks Misc

Cross Street: 51st th Ave and S. of Thomas Rd

Legal Info

Township: 2N
Range: 2E
Section: 33

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

More Information

Currently Not Used

Sold Price Per SqFt: 516.53

Construction

Block: Yes
Wood Frame: Yes

Roofing

Composition: Yes

Floors

Ceramic Tile: Yes

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
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Restaurant: Yes
Fast Food: Yes
Retail: Yes
Food Service: Yes

Pmt & Rate Info

Assessment Balance: 0

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Heat Pump: Yes

Cooling

Central Air: Yes
Heat Pump: Yes

Interior Features

Security System: Yes
Public Restrooms: Yes

Loading Facilities

Other (See Remarks): Yes

Road Surface Type

Asphalt: Yes

Exterior

Roof Sign: Yes
Pole Sign: Yes

Source of Fincl Data

Owner: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

Other: Yes
See Remarks: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Building Features

Kitchen: Yes
Display Window(s): Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
Paved: Yes

Electric

SRP: Yes
Individual Meter: Yes

Gas

SW Gas: Yes
Individual Meter: Yes

New Financing

Cash Only: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Existing 2nd Loan

Other (See Remarks): Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Other (See Remarks): Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

None: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

Property Features

Building Type: Commercial Business Type: Restaurant; Fast Food; Retail; Food Service Construction: Block; Wood Frame Roofing: Composition Floors: Ceramic Tile Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Central Air; Heat Pump Loading Facilities: Other (See Remarks) Interior Features: Security System; Public Restrooms Exterior: Roof Sign; Pole Sign Fencing: Other; See Remarks Building Features: Kitchen; Display Window(s) Parking Features: Free; Paved Electric: SRP; Individual Meter Gas: SW Gas; Individual Meter Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only Showing Notification Methods: Text; Phone Call Lockbox Type: None Source of Fincl Data: Owner Existing 1st Loan: Private Existing 1st Loan Type: Fixed Existing 1st Loan Terms: Non Assumable Existing 2nd Loan: Other (See Remarks) Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Other (See Remarks) Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: None

Listing Office: American Freedom Realty

Last Updated: December - 05 - 2025