507 E BROADWAY Road Phoenix, AZ ^$ 950,000

507 E BROADWAY Road

^$ 950,000

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Recently Listed

507 E BROADWAY Road

Phoenix, AZ, 85040

^$ 950,000

Bedrooms-- Baths-- Sq 1,824

Monthly Estimate*

^$ 5,849

507 E BROADWAY Road, Phoenix, AZ 85040 - Image 1

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507 E BROADWAY Road, Phoenix, AZ 85040 - Image 5

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507 E BROADWAY Road, Phoenix, AZ 85040 - Image 8

507 E BROADWAY Road, Phoenix, AZ 85040 - Image 9

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507 E BROADWAY Road, Phoenix, AZ 85040 - Image 12

Commercial Property for sale in Phoenix, AZ

for $950,000. This 1,824 square foot building was built in 2000 on a lot size of 0.31.

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.

Commercial Active

Price

^$ 950,000

Property Type

Commercial

Taxes

^$ 8,621

Style

Comm/Industry Sale

Lot Size

0.31

Year Built

2000

Town/City

Phoenix

County/Region

Maricopa

MLS | Web ID

6996798

Features

General

Sewer Septic Tank

Heating Electric

Cooling Office A/C

Roof Composition

Zoning C-3

Security Features Smoke Detector(s)

Construction Materials Wood Frame Block

Year Built 2000

Electric SRP

Township 1N

Tax Year 2025

Ownership Fee Simple Fee Simple

Gross Income 66000.0

Business Type Automobile

County Maricopa

Net Operating Income 57000.0

Operating Expense 8921.0

New Construction N

Property Type Comm/Industry Sale

Attached Garage N

Subdivision Name LOCH PLACE ANNEX

Status Active

Directions West on Broadway to property

City Phoenix

Disclosures None

Open Parking Spaces 20.0

Lot Size Units Square Feet

Lot Size Square Feet 13650.0

Carport Y/N N

Tax Annual Amount 8621.0

Water Sewer Expense 300.0

Lease Renewal Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Structure Type Commercial

Standard Status Active

Occupancy Type Tenant

Tax Lot 81

Cap Rate 6.0

Senior Community N

Interior

Flooring Concrete

Air Conditioning Y/N Y

Heating Y/N Y

Total Baths 0

Exterior

Fencing Security Block

Parking Features Fenced

Water Source City Franchise

Total Parking 20.0

Lot Size Area 13650.0

Number of Buildings 1

Spa N

Lot Size Acres 0.31

Covered Spaces 0.0

Crops Included Y/N N

Irrigation Water Rights Y/N N

Internal Only

Street Number 1 507

* Excluded Features

List By

Compass

Broker

mehranp11@gmail.com

Affordability Calculator

$6,568

Per Month

Monthly Principal & Interest: $5,849
Monthly Property Taxes: $718
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Phoenix, AZ

Average List Price ^$489,900

Percent of Sale Price 48%

About Phoenix, AZ

1,596,463 Population

20% Since 2002

^$51,132 Median Income

34.66 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

260072 Elementary School

263420 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/11/2026	$950,000		Listed Price

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507 E BROADWAY Road, Phoenix, AZ, 85040 is a Commercial Property for sale at $950,000 with 1,824 sqft and a lot size of 0.31. 507 E BROADWAY Road was built in 2000. The property's zip code is 85040 which is in Phoenix, AZ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Arizona Regional Multiple Listing Service, Inc. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors are marked with the ARMLS logo and detailed information about them includes the name of the listing brokers.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 3/18/2026.

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507 E BROADWAY Road

Commercial Property for sale in Phoenix, AZ

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