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.
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
Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711
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 www.arizonabest.com today.