$1,450,000
Chandler, AZ 85225
MLS# 6959053
1 / 35
Property Description
Turnkey restaurant + real estate play just north of Downtown Chandler. 501 N Arizona Ave is a ±3,030 SF, 2-unit retail building with high cash-flow Cho Dang Tofu & BBQ in the main ±2,380 SF restaurant space and a separate ±650 SF finished salon/personal-services suite on the south endcap. Sale includes fee simple ownership of the building plus the Cho Dang business, trade name, full commercial kitchen, and FF&E, allowing a new owner to step straight into operations or plug in a new concept with minimal downtime. Hard-corner visibility on Arizona Ave with prominent signage, strong traffic, and abundant on-site parking. Existing liquor license for on-premise beer and wine service to transfer to qualified buyer, subject to state approval.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,450,000
List Price: $1,450,000
Status: Active
List Date: 2025-12-18
Location, Tax & Legal
Assessor's Map #: 64
Legal Description (Abbrev): GREATER CHANDLER ADD MCR 31-27 LOT 21 BLK 1 & ALSO W 10F ABND RD LY E & ADJ TO SD LOT P/D 85 61
Assessor's Parcel #: 20
Add'l Parcels: Yes
Tax Municipality: Chandler
Census Tract: 522903
Taxes: 4043
Legal: GREATER CHANDLER ADD MCR 31-27 LOT 21 BLK 1 & ALSO W 10F ABND RD LY E & ADJ TO SD LOT P/D 85 61
House Number: 501
Compass: N
Street Name: ARIZONA
St Suffix: Avenue
City/Town Code: Chandler
State/Province: AZ
Zip Code: 85225
Zip4: 4584
County Code: Maricopa
Subdivision: GREATER CHANDLER ADD BLK 8 9
Assessor Number: 302-64-020
Tax Year: 2025
General Property Description
Ttl Apx SqFt Bldg: 3030
# of Buildings: 1
Uncvrd Parking Spcs: 30
Stories: 1
# of Interior Levels: 1
Lot Size Dimensions: 102' x 150'
Flood Zone: No
Year Built: 1953
Zoning: C-R
Currently Not Used
Sold Price Per SqFt: 478.55
Legal Info
Range: 5E
Section: 27
Township: 1S
Lot Number: 21
Construction
Block: 1
Stucco: 1
Roofing
Rolled: 1
Floors
Tile: 1
Sealed: 1
Wood: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4043
Other Income: 124000
Vacancy Allowance: 0
Adjusted Gross Inc: 233680
Building Type
Commercial: 1
Business Type
Barber/Beauty: 1
Mixed: 1
Service Business: 1
Restaurant: 1
Retail: 1
Bar/Tavern/Lounge: 1
Pmt & Rate Info
Cap Rate: 16.12
Equity: 1450000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
8.1 Feet to 10 Feet: 1
Heating
Ceiling: 1
Electric: 1
2 or More Units: 1
Cooling
Mini Split: 1
Central Air: 1
Interior Features
Finished to Suit: 1
Security System: 1
Security Camera(s): 1
Private Restrooms: 1
Public Restrooms: 1
Loading Facilities
None: 1
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Exterior
Corner Lot: 1
Storage Yard: 1
Roof Sign: 1
Curb(s) & Gutter(s): 1
Building Sign: 1
Sidewalk(s): 1
Monument Sign: 1
Source of Fincl Data
Owner: 1
Tax Return: 1
Traffic Count
75,001 to 100,000: 1
Fencing
Block: 1
Water Source
City Franchise: 1
Freeway/Highway
Frontage: 1
Building Features
Patio/Deck: 1
Conference Room: 1
Reception Room: 1
Kitchen: 1
Computer Room: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
Parking Lot: 1
Private: 1
Paved: 1
Off Street: 1
Electric
SRP: 1
Individual Meter: 1
Over 220 Amp: 1
Gas
SW Gas: 1
New Financing
Cash Only: 1
Owner May Carry: 1
Sale/Leaseback: 1
Existing 1st Loan
SBA: 1
Existing 1st Loan Type
Fixed: 1
Existing 1st Loan Terms
Non Assumable: 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
Sch of Personal Prop: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Remarks Misc
Cross Street: Arizona Ave & Oakland St
Directions: Building is located on the NE corner of Arizona Ave & Oakland St.
Geo Lat: 33.311881
Geo Lon: -111.841066
Income Expenses
Gross Annual Sch Inc: 109680
Net Operating Income: 233680
Property Features
Building Type: Commercial
Business Type: Barber/Beauty; Mixed; Service Business; Restaurant; Retail; Bar/Tavern/Lounge
Construction: Block; Stucco
Roofing: Rolled
Floors: Tile; Sealed; Wood
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Ceiling; 2 or More Units
Cooling: Mini Split; Central Air
Loading Facilities: None
Interior Features: Finished to Suit; Security System; Security Camera(s); Private Restrooms; Public Restrooms
Exterior: Corner Lot; Storage Yard; Roof Sign; Curb(s) & Gutter(s); Building Sign; Sidewalk(s); Monument Sign
Fencing: Block
Building Features: Patio/Deck; Conference Room; Reception Room; Kitchen; Computer Room
Parking Features: Free; Parking Lot; Private; Paved; Off Street
Road Access Type: City Street
Electric: SRP; Individual Meter; Over 220 Amp
Gas: SW Gas
Water Source: City Franchise
Sewer: Sewer - Public
New Financing: Cash Only; Owner May Carry; Sale/Leaseback
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner; Tax Return
Existing 1st Loan: SBA
Existing 1st Loan Type: Fixed
Existing 1st Loan Terms: Non Assumable
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: Paved; Asphalt
Traffic Count: 75,001 to 100,000
Environmental: None
Listing Office: The Broker Reserve LLC
Last Updated: December - 18 - 2025
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