$875,000
507 E BROADWAY Road
- Price per sqft
- $480/sqft
- Listed
- Mar 11, 2026
- Since listed
- 189 days
- Lot
- 13,650 sqft lot
Home highlights
- No HOA
About this home
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.
From ARMLS
Property details
Home & layout
- Living area
- 1,824 sqft
- Year built
- 2000
Interior
- Flooring
- Concrete
- Security
- Smoke Detector(s)
Systems & utilities
- Heating
- Electric
- Cooling
- Office A/C
- Electric
- SRP
- Sewer
- Septic Tank
- Water source
- City Franchise
Lot, exterior & construction
- Lot size
- 13,650 sqft lot
- Construction
- Wood Frame, Block
- Roof
- Composition
- Fencing
- Security, Block
Parking & access
- Covered parking
- 0 spaces
- Parking features
- Fenced
Community & lifestyle
- Subdivision
- LOCH PLACE ANNEX
Location
Explore the neighborhood
507 E BROADWAY Road, Phoenix, AZ 85040
Map location is based on MLS coordinates. Verify the exact property location before visiting.
Listing information
- Status
- Active
- MLS number
- 6996798
- Listed
- Mar 11, 2026
- Last updated
- Sep 10, 2026, 3:26 PM MST
- County
- Maricopa
- Previous tracked price
- $950,000
- Verified price reduction
- $75,000 (7.9%)
- Price reduced
- Sep 10, 2026
- Tax year
- 2025
- Listing agent
- Mehran Parsai
- Listing brokerage
- Compass
Listing courtesy of Mehran Parsai, Compass · 480-980-2244.