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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.

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