507 E Broadway Road, Phoenix, AZ

$875,000

Previous Next

1,824

Square feet

0.31

Acres

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.

Features of 507 E Broadway Road

MLS® # 6996798
Price $875,000
Square Footage 1,824
Acres 0.31
Year Built 2000
Type Comm/Industry Sale
Sub-Type Commercial
Status Active

Community Information

Address 507 E Broadway Road
Subdivision LOCH PLACE ANNEX
City Phoenix
County Maricopa
State AZ
Zip Code 85040

Amenities

Parking Spaces 20
Parking Fenced
Is Waterfront No
Has Pool No

Interior

Heating Electric
Cooling Office A/C
Fireplace No

Exterior

Roof Composition
Construction Wood Frame, Block

Additional Information

Zoning C-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCompass

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?