505 S MAIN Street, Florence, AZ 85132 (MLS# 6935261)

505 S MAIN Street, Florence, AZ 85132

$650,000

Property Type: Comm/Industry Sale Square Footage: 3,111 Lot Size (sq. ft.): 28,873 Status: Active

Current Price: $650,000 List Date: 10/17/2025 Last Modified: 4/13/2026

Overview

Description

Fully built out and operational restaurant for sale on Main Street in Downtown Florence. This is a 3,111 square foot single level building situated on a large corner lot including two parcels for a total of 28,873 square feet or .66 Acre. Along with plenty of parking, the new owner can also take advantage of the existing strategic partnership with a purified water station leasing space on the far South side of the parking lot for additional monthly income. The restaurant is currently operating with a series 12 liquor license and offering a full menu featuring authentic traditional Mexican food and more. Great layout with large dinning room, full kitchen with multiple vent hoods, private party room, 2 separate bars, dishwasher, grease trap, floor drains, large walk in cooler, water filters

Supplements: system, natural gas, 3 restrooms two for customers and one for employees in back private office.

Listing Details MLS# 6935261

Location, Tax & Legal

House Number: 505
Compass: S
Street Name: MAIN
St Suffix: Street
City/Town Code: Florence
State/Province: AZ
Zip Code: 85132
Zip4: 0025
Country: US
County Code: Pinal
Subdivision: DOUGLAS ADDITION
Assessor Number: 202-03-084
Tax Year: 2024
Assessor's Map #: 3
Legal Description (Abbrev): LOT 9 BLOCK 21 DOUGLAS ADDITION CAB 1 SLD 4
Assessor's Parcel #: 84
Add'l Parcels: Yes
Tax Municipality: Florence
Census Tract: 902
Taxes: 2915
Legal: LOT 9 BLOCK 21 DOUGLAS ADDITION CAB 1 SLD 4

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Restaurant
Ttl Apx SqFt Bldg: 3111
# of Buildings: Yes
Stories: Yes
Year Built: 1950
Uncvrd Parking Spcs: 48
Zoning: RETAIL

Remarks Misc

Cross Street: Main Street & Virginia Street
Directions: South East Corner

Legal Info

Township: 05S
Range: 09E
Section: 01
Lot Number: 9

Showing Notification Methods

Showing Service: No Showing Service Used
Phone Call: Yes

More Information

Currently Not Used

Sold Price Per SqFt: 208.94

Construction

Block: Yes

Roofing

Built-Up: Yes
Foam: Yes

Floors

Tile: Yes
Concrete: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 2915
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Restaurant: Yes

Pmt & Rate Info

Equity: 180000
1st Encumbrance: 400000
2nd Encumbrance: 70000
Total Owed: 470000

Lockbox Type

None: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes

Heating

Forced Air: Yes

Cooling

Central Air: Yes

Interior Features

Private Restrooms: Yes
Public Restrooms: Yes

Loading Facilities

Grade Level: Yes

Appliances Included

Dishwasher: Yes
Refrigerator: Yes

Road Access Type

City Street: Yes

Exterior

Corner Lot: Yes
Dual Street Ftg: Yes
Pole Sign: Yes
Sidewalk(s): Yes
Security Light(s): Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Traffic Count

5,001 to 15,000: Yes

Fencing

Partial: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Building Features

Patio/Deck: Yes
Accessible Entrance: Yes
Reception Room: Yes
Display Window(s): Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes

Electric

Other (See Remarks): Yes

Gas

Natural Gas: Yes

New Financing

Cash to Loan: Yes
Owner May Carry: Yes
Wrap: Yes
Sale/Leaseback: Yes

Existing 1st Loan

Private: Yes

Existing 1st Loan Type

Fixed: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Existing 2nd Loan

Private: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: 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 Construction: Block Roofing: Built-Up; Foam Floors: Tile; Concrete Ceiling Height: 8.1 Feet to 10 Feet Heating: Forced Air Cooling: Central Air Loading Facilities: Grade Level Interior Features: Private Restrooms; Public Restrooms Exterior: Corner Lot; Dual Street Ftg; Pole Sign; Sidewalk(s); Security Light(s) Fencing: Partial Building Features: Patio/Deck; Accessible Entrance; Reception Room; Display Window(s) Appliances Included: Dishwasher; Refrigerator Parking Features: Parking Lot Road Access Type: City Street Road Responsibility: City Maintained Road Electric: Other (See Remarks) Gas: Natural Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan; Owner May Carry; Wrap; Sale/Leaseback Showing Notification Methods: 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: Private 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 Traffic Count: 5,001 to 15,000 Environmental: None

Listing Office: RE/MAX Fine Properties

Last Updated: April - 13 - 2026