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Michelle Quackenbush

azbrokeronline@gmail.com +1(602) 999-2627

$ 875,000

Est. payment -/mo

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Price Dropped by $75K

507 E BROADWAY Road Phoenix, AZ 85040

0.31 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Loch Place Annex

MLS Listing ID 6996798

Year Built 2000

Annual Tax Amount $8,621

Tax Year 2025

Lot Size 0.313 Acres

Acres 0.31

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Loch Place Annex

Area Maricopa

Zoning C-3

Direction West on Broadway to property

Interior

Heating Electric

Cooling Office A/C

Flooring Concrete

Exterior

Parking Features Enclosed

Fence Security, Block

Roof Type Composition

Private Pool No

Building

Dwelling Type Commercial

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 113-37-083-A

Ownership Fee Simple

Disclosures None

Listed by Compass • Mehran Parsai

Nearby School & Business

Michelle Quackenbush

Agent

+1(602) 999-2627

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