1516 E THOMAS ROAD
Phoenix AZ 85014

$1,400,000
Price

0.0
Beds

0.0
Baths

2,782
Sqft

homeListing Details:

Listing ID: 6980373
Updated: 2/5/2026 6:26pm

Status Active/For Sale
Days On Market 19
Taxes $13,209.00
HOA $0.00/********
Type N/A
Open Parking 34
Year Built 1987
Lot Size 30825.00
County Maricopa
Listed By Cambridge Properties

descriptionDescription:

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.

schoolSchool Information:

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mapProperty Location:

Listed By: Cambridge Properties | Keith M Mishkin 602-788-1700

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.



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