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:

Dee Nowell

Real Estate Agent, CDRE®

Compass