507 E BROADWAY Road
Phoenix, AZ 85040
About
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
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
2000
Sq.Footage
1,824
Features
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.31
-
Lot Size(square feet)
13,650
-
Property Type
Commercial Sale
Price
-
Sales Price
$950,000
-
Tax Amount
$8,621
-
Sq. Footage
1,824
-
Price/SqFt
$520
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Fee Simple
-
Sewer
Septic Tank
-
Tax Lot
81
-
Water Source
Public
Schedule
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Location
-
County
Maricopa
-
Elementary School
-
Middle School
-
High School
Listing Courtesy of Mehran Parsai, Compass
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