$250,000
Phoenix, AZ 85032
MLS# 6926709
Status: Closed
1 / 1
Property Description
If you are looking for a turn-key Mediterranean cuisine restaurant with a full bar and with Hookah and Party Hall Rental then look no further. This restaurant is located in North Phoenix with a 3000 sq.ft. suite with a large outdoor patio as well that specialize in mediterranean food in the morning and handles parties with hookah and a full bar and patio at night. The lease is great as well at only $3700 for 3000 sq.ft. The business is growing every month and has been open for over a year and tons of potential for growth with more online marketing and also pushing parties. The Seller is offering great seller financing terms with $150,000 down and $100,000 for 3 years at 7%. Hurry up this will go quick especially with a full liquor bar and Hookah!!!
Details
Maps
General Property Description
Sold Price Per SqFt: 83.33
Ttl Apx SqFt Bldg: 3000
Uncvrd Parking Spcs: 100
Income & Expenses
Annual Gross Sales: 300000
Owners Draw Included: No
Annual Owners Salary: 0
Annual Mngr Salary: 0
Anl Int (Non-RelEst): 0
Annual Depreciation: 0
Annual Fringes: 0
Adjusted Net Income: 0
Apx Value of Cash: 0
Ap Val Frn,Fxt & Eqp: 75000
Business Type
See Remarks: 1
Pmt & Rate Info
Equity: 250000
Down Payment %: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
See Private Remarks: 1
Type of Lease
Other - See Remarks: 1
Form of Ownership
Other - See Remarks: 1
Sale Price Includes
Goodwill: 1
Equipment: 1
Inventory: 1
Lease Value: 1
Cvnt not to Compete: 1
Lease Information
Other - See Remarks: 1
Hours of Operation
Other - See Remarks: 1
Business Age
1 - 3 Years: 1
Heating
See Remarks: 1
Current Ownership
1 - 3 Years: 1
Cooling
See Remarks: 1
Expenses Include
See Remarks: 1
Business/Tenant Pays
See Remarks: 1
Source of Fincl Data
Owner: 1
Water Source
See Remarks: 1
Sewer
See Remarks: 1
Parking Features
See Remarks: 1
Electric
Other (See Remarks): 1
Gas
Other (See Remarks): 1
New Financing
Cash: 1
Seller Approve Terms: 1
Owner May Carry: 1
Current Financing 1
See Remarks: 1
Current Financing 2
See Remarks: 1
Current Financing 3
See Remarks: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 623-236-0836
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Contract Info
Current Price: $250,000
Sold Price: $250,000
Status: Closed
List Date: 2025-09-30
Location
House Number: 0000
Compass: E
Street Name: XXXXXX
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
County Code: Maricopa
Assessor Number: 000-00-000
Remarks Misc
Geo Lat: 33.661376
Geo Lon: -112.000214
Status Change Info
Off Market Date: 2025-12-24
Under Contract Date: 2025-12-10
Close of Escrow Date: 2025-12-23
Sold Price: $250,000
Income Expenses
Net Operating Income: 84000
Property Features
Business Type: See Remarks
Form of Ownership: Other - See Remarks
Sale Price Includes: Goodwill; Equipment; Inventory; Lease Value; Cvnt not to Compete
Lease Information: Other - See Remarks
Hours of Operation: Other - See Remarks
Type of Lease: Other - See Remarks
Business Age: 1 - 3 Years
Current Ownership: 1 - 3 Years
Expenses Include: See Remarks
Source of Fincl Data: Owner
Parking Features: See Remarks
Electric: Other (See Remarks)
Gas: Other (See Remarks)
Water Source: See Remarks
Sewer: See Remarks
Heating: See Remarks
Cooling: See Remarks
Lockbox Type: See Private Remarks
Current Financing 1: See Remarks
Current Financing 2: See Remarks
Current Financing 3: See Remarks
New Financing: Cash; Seller Approve Terms; Owner May Carry
Environmental: Other (See Remarks)
Listing Office: American Realty Brokers
Last Updated: December - 24 - 2025
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