$950,000

507 E BROADWAY Road, Phoenix, AZ 85040

LOCH PLACE ANNEX · Maricopa County

1,824 sqft 0.31 acres Built 2000 $521 /sqft No HOA

82 days on market

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 details

Interior

Bathrooms

Total Bathrooms: 0

Heating and Cooling

Cooling Features: Office A/C
Heating Features: Electric

Other Interior

Stories: 1

Exterior

Exterior and Lot Features

Fencing: Block, Security

Land Info

Lot Size Acres: 0.31
Lot Size Square Feet: 13,650

Garage and Parking

Attached Garage: No

Community

Neighborhood

Subdivision: LOCH PLACE ANNEX

Listing

Other Property Info

Annual Tax Amount: $8,621
Source Listing Status: Active
County: Maricopa
Directions: West on Broadway to property
Parcel Number: 113-37-083-A
Zoning: C-3
Postal City: Phoenix
Listing Date: 3/11/2026
On Market Date: 3/11/2026
MLS#: 6996798

Features

Building and Construction

Total Square Feet Living: 1,824
Year Built: 2000
Property Age: 26
Construction Materials: Block, Wood Frame
Roof: Composition
Stories: 1

Utilities

Water Source: City Franchise

Contact Us

Ask a question or schedule a showing

Listed by Mehran Parsai Compass

Listing updated: May 1, 2026

MLS#: 6996798

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