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About This Home
This 0-bedroom, 0-bathroom single family at 507 E BROADWAY Road in Phoenix, AZ is listed for $950,000 ($521 per sqft). Built in 2000, the home offers 1,824 sqft of living space on a 0.31 acres lot.
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.
Key Features
- Built in 2000
- 0.31 acre lot
Property Details
Amenities
Monthly Cost Estimate
$5,081/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
507 E BROADWAY Road
Phoenix, AZ 85040
LOCH PLACE ANNEX
Property Details
Flooring
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom single family at 507 E BROADWAY Road is listed at $950,000 ($521/sqft). The estimated monthly payment is $4,117 based on 20% down at 6.5% interest.
Key features include: Built in 2000, 0.31 acre lot.
This property is listed by Mehran Parsai and can be reached at 4809802244 or mehranp11@gmail.com.
