For Sale Commercial MLS# 6996798

507 E BROADWAY Road

Phoenix, AZ 85040

$875,000

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Listing Office

Officearizona-regional-mls-rsd logoCompass
AgentMehran Parsai
Phone480-776-1555

About 507 E BROADWAY Road

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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
2000
Living area
1,824 sqft
Price / sqft
$480
Lot
0.31
Original price
$950,000
MLS #
6996798

Interior

Features
Office A/C, Electric, Concrete
Flooring
Concrete
Heating
Electric
Cooling
Office A/C

Exterior & lot

Features
Enclosed, Parking spaces: 20
Construction
Wood Frame, Block, Composition
Roof
Composition
Lot
C-3, 11337083A, Security, Block
Fence
Security, Block
Parking
Enclosed

Schools

District
Roosevelt Elementary District

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$8,621
Tax year
2025
Parcel
11337083A

Location

Subdivision
LOCH PLACE ANNEX
County
Maricopa
Neighborhood
Cesar E. Chavez
Community
Maricopa, Arizona Regional Multiple Listing Service 2
Directions
West on Broadway to property

Location

Neighborhood
Cesar E. Chavez
Subdivision
LOCH PLACE ANNEX
School district
Roosevelt Elementary District

Interested in this home?

Questions on 507 E BROADWAY Road, Phoenix, AZ 85040, or want to see it in person?

The Anderson Team · (480) 900-9140

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