507 E Broadway Rd - Freestanding FOR SALE


Phoenix, AZ 85040- South Mountain
$950,000 USD
480-980-2244
507 E Broadway Rd, Phoenix, AZ for Sale
$950,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

507 E Broadway Rd
Phoenix, AZ 85040
South Mountain


HIGHLIGHTS

  • Located in a designated Opportunity Zone, offering potential tax advantages.
  • Recently renovated in 2022 with updated finishes and functional improvements.
  • Current tenant is an auto repair shop under a net lease through December 2025.
  • Features three exterior bays with two lifts, supporting automotive operations.
  • Positioned along a busy commercial corridor with strong vehicular traffic.
  • Ample on-site parking and C-3 zoning allow for flexible future uses.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$524 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,652 SF

ZONING

C-3

APN/PARCEL ID

113-37-083A

ASK ABOUT THIS PROPERTY

Mehran ParsaiCOMPASSMore Info
480-980-2244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Mehran ParsaiCOMPASSMore Info
480-980-2244

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.