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507 E Broadway Rd, Phoenix, AZ 85040

Foreclosure
$950,000
Active for Sale
 
Listing ID 55044570
Property Type Commercial
County Maricopa
Township 1N
Tax ID 113-37-083-A
FEMA Flood Map fema.gov/portal
Year Built 2000
   
Virtual Tour
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
  • 1824 SF (AG)
  • 0.31 Acres
  • 13650 SF Lot
  • Built in 2000
  • 1 Story
Interior Features
  • Electric Fuel
Exterior Features
  • Has Garage
  • Private Septic
  • Subdivision: LOCH PLACE ANNEX
Commercial Info
  • 20 Parking Spaces
Income/Expenses
  • Water Exp $300
  • Total Exp $300
Listed By
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