# 507 E BROADWAY Road, Phoenix, AZ 85040

> **TL;DR:** single family, $950,000 ($521/sqft), built 2000, 1,824 sqft.
> A/C. Est. $4,117/mo. Listed 30 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $950,000 |
| Price/sqft | $521 |
| Square Feet | 1,824 |
| Year Built | 2000 |
| Lot Size | 13,504 sqft (0.31 acres) |
| Stories | 1 |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 30 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,117 |
| **Total** | **$4,117** |

## Key Amenities

- A/C

## Property Highlights

- Built in 2000
- 0.31 acre lot

## Description

### Agent 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.

## Location

- **Address:** 507 E BROADWAY Road, Phoenix, AZ 85040
- **County:** Maricopa
- **Neighborhood:** LOCH PLACE ANNEX
- **Coordinates:** 33.406387, -112.066941
- **Google Maps:** https://www.google.com/maps?q=33.406387,-112.066941

## Listing Agent

- **Name:** Mehran Parsai
- **Brokerage:** Compass
- **Phone:** 4809802244
- **Email:** mehranp11@gmail.com

## Primary Photo

![507 E BROADWAY Road - Primary Photo](http://lh.rdcpix.com/bc6da0f8f5cd0113642710a097146b1dl-f2241336100r.jpg)

*12 total photos available on [listing page](https://www.propertysimple.com/listing/507-e-broadway-road-phoenix-az-85040-6996798)*

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**MLS#:** 6996798 | **Updated:** 2026-04-29
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/507-e-broadway-road-phoenix-az-85040-6996798)

---

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