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Courtesy of Compass, Mehran Parsai Listing Contact: 480-980-2244

For Sale

507 E BROADWAY Road

507 E BROADWAY Road, Phoenix, AZ 85040

$875,000

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.

1,824 Sq.Ft. LIVING AREA

0.31 Acres lot

Features & Amenities

Interior

Flooring Concrete

Area & Lot

Status For Sale
Living Area1,824 Sq.Ft.
Lot Area0.31 Acres
MLS® ID6996798
TypeCommercial
YEAR BUILT2000
NeighborhoodPhoenix

Exterior

STORIES1
water SourceCity Franchise
roofComposition
parkingEnclosed
HEAT TYPEElectric
AIR CONDITIONINGOffice A/C
sewerPublic Sewer
security FeaturesSmoke Detector(s)

Financial

Sales Price$875,000
Real Estate Tax $8,621/yr
Zoning C-3

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Thank you for your interest in 507 E BROADWAY Road, Phoenix, AZ 85040. We are reviewing your request and will be in touch shortly!

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