501 N ARIZONA Avenue, Chandler, AZ 85225 (MLS# 6959053)

501 N ARIZONA Avenue, Chandler, AZ 85225

New Listing

$1,450,000

Property Type: Comm/Industry Sale Square Footage: 3,030 Lot Size (sq. ft.): 15,300 Status: Active

Current Price: $1,450,000 List Date: 12/18/2025 Last Modified: 12/19/2025

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.

More Information MLS# 6959053

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 - 19 - 2025