$950,000
507 E BROADWAY Road, Phoenix, AZ 85040
- 1,824 sqft
Commercial Property 
Built in 2000 
0.31acre lot
—— car garage 
$521/sqft 
Listed 2 months ago
Property Description
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.
- Listing Status:
- Active
- Date Added:
- March 11, 2026
- Data Last Updated:
- May 21, 2026 at 1:07AM
- Listing Office:
- Compass : 480-776-1555
- Listing Agent:
- Mehran Parsai : 480-980-2244
- MLS ID:
- 6996798
- Parking: FencedParking spaces: 20
- Roofing: Composition
- General: Wood FrameBlock
- Originating MLS: Arizona Regional Multiple Listing Service 2
- County: Maricopa
- Zoning: C-311337083A
- Fencing: SecurityBlock
- Water: City Franchise
- Sewer: Septic Tank
- Source: Arizona Regional Multiple Listing Service 2
This listing courtesy of Mehran Parsai , Compass
Monthly Payment
$Est. Payment
- Principal & Interest $
- Property Taxes $
- Home Insurance $
- VA Funding Fee $
