Real Estate Agent Kristi Newman

Kristi Newman REALTOR®

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507 E Broadway Road, Phoenix, AZ 85040

$950,000
  • 507 E Broadway Road, Phoenix, AZ 85040 Main Photo

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Active
SQUARE FEET1,824 MLS#6996798
STATUSActive PROPERTY TYPECommercial - Business SUBDIVISIONLOCH PLACE ANNEX

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.

507 E Broadway Road | MLS# 6996798

This commercial property located at 507 E Broadway Road, Phoenix, AZ 85040 is currently listed for sale with an asking price of $950,000. Search Phoenix real estate on knewman.arizonabest.com today.

Property Features

Property Type: Commercial - Business
Cooling: Office A/C
Fenced: Yes
Heating: Electric
Lot Size: 0.31 Acres
Roof Type: Composition
Stories: 1.0
Taxes: $8,621
Year Built: 2000

Feature Descriptions

Exterior: Block, Wood Frame
Water: City Franchise

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 480-776-1555

Shown By

Agent Name: Kristi Newman
Agent Phone: (480) 897-9000
Agency Title: Arizona Best Real Estate

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