507 E BROADWAY Road, Phoenix, Arizona, United States, 85040
875,000
for Sale
13,650
About the property:
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 Type:
- Commercial/Industrial
- Status:
- for Sale
- House Style:
- Other
- Acres:
- 0.31
- Square Feet:
- 1824
- Subdivision:
- LOCH PLACE ANNEX
- Heating Type:
- 0
- Cross Street:
- Broadway, 7th Street
- Directions:
- West on Broadway to property
- Is Building:
- Yes
- Is Investment:
- Yes
- Is Other:
- Yes
- Is Parking:
- Yes
- Is Service:
- Yes
- Annual Property Taxes:
- 8,621
- Listing ID:
- 6996798
Rooms
Dimensions
Brokered by:
Compass
Presented By: