Properties
Phoenix, AZ 85040 507 E BROADWAY Road
$950,000
7 more
Presented By: Compass; 480-776-1555
SQFT • 1,824
Home Details
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.
Presented By: Compass; 480-776-1555
Interior Features for 507 E BROADWAY Road
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringConcrete
Heating Y/NYes
General for 507 E BROADWAY Road
Attached Garage No
Business TypeAutomobile
Cap Rate6.0
Carport Y/NNo
CityPhoenix
Construction MaterialsWood Frame, Block
CoolingOffice A/C
CountyMaricopa
DirectionsWest on Broadway to property
DisclosuresNone
ElectricSRP
Gross Income66000.0
HeatingElectric
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet13650.0
Lot Size UnitsSquare Feet
MobileHomeRemainsYNNo
Net Operating Income57000.0
New ConstructionNo
Occupancy TypeTenant
Open Parking Spaces20.0
Operating Expense8921.0
OwnershipFee Simple
OwnershipFee Simple
Property TypeComm/Industry Sale
Rent Control Y/NNo
RoofComposition
Security FeaturesSmoke Detector(s)
Senior CommunityN
SewerSeptic Tank
Standard StatusActive
StatusActive
Structure TypeCommercial
Subdivision NameLOCH PLACE ANNEX
Tax Annual Amount8621.0
Tax Lot81
Tax Year2025
Township1N
Water Sewer Expense300.0
Year Built2000
ZoningC-3
Exterior for 507 E BROADWAY Road
Covered Spaces0.0
Crops Included Y/NNo
FencingSecurity, Block
Irrigation Water Rights Y/NNo
Lot Size Acres0.31
Lot Size Area13650.0
Number of Buildings1
Parking FeaturesFenced
SpaNo
Total Parking20.0
Water SourceCity Franchise
Additional Details
Price History
