530 W BROADWAY Road, Tempe, AZ 85282

$2,450,000

Property Type: Comm/Industry Sale Square Footage: 8,119 Lot Size (sq. ft.): 39,226 Status: Active

Current Price: $2,450,000 List Date: 10/24/2026 Last Modified: 10/24/2026

Overview

Description

Freestanding restaurant or redevelopment opportunity along Tempe's Broadway corridor at a highly visible signalized corner. Situated on approximately 0.90 acres, the 8,119 SF building spans two stories and features indoor dining, bar areas, a commercial kitchen and an outdoor patio. With 62+ onsite parking spaces and strong Broadway Road frontage, the property offers excellent exposure and accessibility. Zoned C-G, with potential for continued restaurant use or redevelopment, subject to city approval.

Listing Details MLS# 7098244

Location, Tax & Legal

House Number: 530
Compass: W
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85282
Zip4: 1311
Country: US
County Code: Maricopa
Subdivision: UNIVERSITY HOMES 3
Assessor Number: 124-64-112-P
Tax Year: 2025
Assessor's Map #: 64
Legal Description (Abbrev): UNIVERSITY HOMES UNIT 3 W 130F EX S 10F & EX 20F X 20F TRI IN SW COR
Assessor's Parcel #: 112
Assessor Parcel Ltr: P
Add'l Parcels: No
Tax Municipality: Tempe
Census Tract: 318900
Taxes: 16974
Legal: UNIVERSITY HOMES UNIT 3 W 130F EX S 10F & EX 20F X 20F TRI IN SW COR

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Restaurant
Ttl Apx SqFt Bldg: 8119
# of Buildings: Yes
Stories: 2
# of Interior Levels: 2
Year Built: 1974
Uncvrd Parking Spcs: 62
Zoning: C-G
Flood Zone: No

Remarks Misc

Cross Street: Hardy Dr and Broadway
Directions: From Loop 202, exit at Priest Drive and head south. Turn left (east) onto Broadway Road. At Hardy Drive, turn left at the light, then make an immediate right into the property parking lot.

Legal Info

Township: 1N
Range: 4E
Section: 21
Lot Number: A

Income Expenses

Gross Annual Sch Inc: 120000
Net Operating Income: 120000

More Information

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

Currently Not Used

Sold Price Per SqFt: 301.76

Construction

Block: Yes
Stone: Yes
Stucco: Yes

Roofing

Other: Yes

Floors

Tile: Yes
Concrete: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 120000

Building Type

Commercial: Yes

Business Type

Mixed: Yes
Restaurant: Yes
Bar/Tavern/Lounge: Yes
Other: Yes

Pmt & Rate Info

Cap Rate: 4.9
Equity: 2450000
Total Owed: 0

Lockbox Type

Other: Yes

Ceiling Height

8.1 Feet to 10 Feet: Yes
14.1 Feet to 16 Feet: Yes

Heating

Forced Air: Yes
Heat Pump: Yes

Cooling

Central Air: Yes
Heat Pump: Yes

Interior Features

Finished: Yes
Fire Sprinklers: Yes
Smoke Detector(s): Yes
Security Camera(s): Yes
Phone Available: Yes
Private Restrooms: Yes

Loading Facilities

None: Yes

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Exterior

Corner Lot: Yes
Sidewalk(s): Yes
Monument Sign: Yes

Source of Fincl Data

Owner: Yes

Road Responsibility

City Maintained Road: Yes

Traffic Count

35,001 to 50,000: Yes

Fencing

Block: Yes

Water Source

City Franchise: Yes

Freeway/Highway

1.1 - 2 Miles: Yes

Building Features

Patio/Deck: Yes
Accessible Entrance: Yes
Kitchen: Yes

Sewer

Sewer - Public: Yes

Parking Features

Parking Lot: Yes
Paved: Yes

Electric

SRP: Yes

Gas

SW Gas: Yes

New Financing

Cash to Loan: Yes

Special

Owner/Agent: Yes
Accepting Back-Ups: Yes

Existing 1st Loan

SBA: Yes

Existing 1st Loan Type

Fixed: Yes

Reports/Disclosures

Other (See Remarks): Yes

Environmental

Phase I Available: Yes

Property Features

Building Type: Commercial Business Type: Mixed; Restaurant; Bar/Tavern/Lounge; Other Construction: Block; Stone; Stucco Roofing: Other Floors: Tile; Concrete Ceiling Height: 8.1 Feet to 10 Feet; 14.1 Feet to 16 Feet Heating: Forced Air; Heat Pump Cooling: Central Air; Heat Pump Loading Facilities: None Interior Features: Finished; Fire Sprinklers; Smoke Detector(s); Security Camera(s); Phone Available; Private Restrooms Exterior: Corner Lot; Sidewalk(s); Monument Sign Fencing: Block Building Features: Patio/Deck; Accessible Entrance; Kitchen Parking Features: Parking Lot; Paved Road Access Type: City Street Road Responsibility: City Maintained Road Electric: SRP Gas: SW Gas Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash to Loan Showing Notification Methods: Text; Phone Call Lockbox Type: Other Special: Owner/Agent; Accepting Back-Ups Source of Fincl Data: Owner Existing 1st Loan: SBA Existing 1st Loan Type: Fixed Road Surface Type: Asphalt Traffic Count: 35,001 to 50,000 Environmental: Phase I Available

Listing Office: The Brokery

Office Email: tim@thebrokery.com

Last Updated: October - 24 - 2026