




Courtesy of Compass, Mehran Parsai Listing Contact: 480-980-2244
0 Baths
1,824 sqft
$875,000
507 E BROADWAY Road, Phoenix AZ, 85040
Price per sqft$479.71
Built in2000
Property size1,824 sqft
Property typeCommercial
Overview
Active
Listed Mar 11, 2026
Updated 2 weeks ago
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.
Additional information
- MLS® ID
- 6996798
Interior Features
- Bathrooms
- 0
- Cooling
- Yes
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.31 Acres
Other Property Details
- Taxes
- $8,621
- Tax Frequency
- Annually
Courtesy of Compass, Mehran Parsai
Listing Contact: 480-980-2244
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Data Last Updated: 11:33 PM UTC, 9/23/2026.