10434 Jomax RdScottsdale, AZ 85262

Property Details for 10434 Jomax Rd

Year built

2004

Construction

CONCRETE

Lot size

0.10 AC

Property size (Sq ft)

4,220 SF

Zone code

C-2

Property type

Office properties

Property subtype

Office buildings

APN

216-80-145

APU

21680145

Description

This exceptional Class A, 4,662 square foot restaurant is available for $1,750,000. Located at 10434 E Jomax Road in Scottsdale, Arizona's 85262 zip code, this turnkey operation sits on a 6,000 square foot lot and boasts a desirable C-2 zoning. Built in 2005, the property features a grand bar area, an exquisite temperature-controlled wine cellar, and inviting dining rooms. An outdoor patio with its own bar provides additional seating, perfect for enjoying the pleasant Scottsdale weather. All equipment, appliances, small wares, and cookware are included in the asking price of $375.38 per square foot. This NNN-leased, vacant property is an owner/user investment opportunity situated in prestigious North Scottsdale, surrounded by renowned golf courses and a high net worth population. The area is experiencing significant growth, with 256 new homes currently under construction. The median home price exceeds $1.1 million, and the average household income is $163,000, indicating a strong and affluent customer base. This location offers a unique blend of luxury and natural beauty, providing an unparalleled dining experience in a serene desert setting, just beyond the city's bustling core. This is a rare opportunity to acquire a fully operational, high-quality restaurant in one of Scottsdale's most desirable neighborhoods.

• CAP approach

  CAP return

  Valuation

  6%

  $1,237,228

  6.5%

  $1,142,057

  7%

  $1,060,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $951,948

  Geo Method

  $951,948

• Alternative Use

  Use

  Valuation

  Residential

  $1,416,150

  Hospitality

  $1,297,186

  Educational

  $1,079,244

  Medical

  $1,116,360

  Retail

  $1,678,823

Location Insight

City

Scottsdale

County

Maricopa

State

Arizona

Latitude

33.7279

Longitude

-111.854

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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