507 E Broadway Road, Phoenix, AZ 85040
- $875,000
- 1,824
- SqFt
- List Price
- $875,000
- Status
- ACTIVE
- Days on Market
- 188
- Price Change
- ▼ $75,000 1789097448
- MLS#
- 6996798
- Subtype
- Comm/Industry Sale
- Year Built
- 2000
- Living Area
- 1,824
- Lot Size
- 13,650
- Acres
- 0.31
- Subdivision
- Loch Place Annex
Property Description
Prime Investment with Rare C-3 Zoning. Excellent opportunity to acquire a high-visibility commercial property generating strong income with a 6% cap rate. The 1,814 SF building is leased to an established auto repair tenant at $5,500/month, providing stable cash flow. Property has been recently remodeled and features a new roof, minimizing near-term capital expenses. Includes three exterior service bays with two lifts and ample parking. Located in a busy corridor with highly desirable and hard-to-find C-3 zoning, allowing for a wide range of commercial uses and long-term flexibility for investors or future redevelopment.
/u.realgeeks.media/rockwellrealestate/header.png)
Additional Information
- Taxes
- $8,621
- Zoning
- C-3
- Heating
- Electric
- Air Conditioning
- Office A/C
- Exterior Construction
- Block, Wood Frame
Listing courtesy of Compass.
Mortgage Calculator
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.