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507 E BROADWAY Road
Phoenix AZ 85040 US

$950,000

Active Listing ID 6996798
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Lot: 0.31 Acres
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Other

$950,000

Active Listing ID 6996798
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507 E BROADWAY Road 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.

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Property Features

  • Facts
  • Lot Size: 0.31 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Cooling System: Other (Cooling)
  • Floor Covering: Concrete
  • Roof Type: Composition
  • Heating Fuels: Electric (Heating)

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 950000
  • unparsedaddress: 507 E BROADWAY Road
  • postalcity: Phoenix
  • stateorprovince: AZ
  • country: US
  • postalcode: 85040
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.31
  • lotsizeunits: Acres
  • lotsizearea: 0.31
  • livingarea: 1824
  • livingareaunits: Square Feet
  • latitude: 33.406387
  • longitude: -112.066941
  • listagentfullname: Mehran Parsai
  • listagentemail: mehranp11@gmail.com
  • listagentkey: 3yd-ARMLSAZ-mp226
  • listagentmlsid: mp226
  • listagentpreferredphone: 4809802244
  • listagentofficephone: 4809802244
  • listofficekey: 3yd-ARMLSAZ-laun001
  • listofficemlsid: laun001
  • disclaimer: Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: ARMLSAZ
  • yearbuilt: 2000
  • listingcontractdate: 2026-03-11
  • listagentfax: 4803553411
  • listagenturl: http://www.parsai.com
  • countyorparish: Maricopa
  • parcelnumber: 113-37-083-A
  • cooling: Other (Cooling)
  • constructionmaterials: Wood Frame, Block
  • flooring: Concrete
  • heating: Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Fenced
  • roof: Composition
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: False
  • location: -112.06694, 33.406387
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Compass", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"mehranp11@gmail.com", "ListBrokerageCity":"Scottsdale", "ListBrokerageCountry":"US", "ListBrokerageEmail":"cassandra@azhomes.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/ARMLSAZ/83b75d81c25111e58b3806494e1f2ae6/20241227234747723.png", "ListBrokerageName":"Compass", "ListBrokeragePhone":"(480) 776-1555", "ListBrokeragePostalCode":"85251", "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"4222 N Marshall Way Suite A", "ListBrokerageWebsiteUrl":"https://azhomes.com", "ListOfficeAddress1":"4222 N Marshall Way Suite A", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"laun001", "ListOfficeCity":"Scottsdale", "ListOfficeCountry":"USA", "ListOfficeEmail":"lexie@azhomes.com", "ListOfficePostalCode":"85251", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Phoenix, AZ", "ListingURL":null, "MLSModificationTimestamp":"2026-03-11 22:23:06", "Neighborhoods":[{"Description":null, "Name":"LOCH PLACE ANNEX"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":8621, "TaxDescription":"LOCH PLACE ANNEX E2 LOT 81 EX N 7' & ALSO E2 LOT 82", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/13/2026 11:44:54 AM GMT
Source Updated Date: 3/23/2026 7:13:46 AM GMT

Courtesy of: Mehran Parsai, Compass, mehranp11@gmail.com

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.