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.
Listed By
Agency Name: Compass
Agency Phone: 480-776-1555
Shown By
Agent Name: Dina Davies
Agent Phone: (602) 677-2079
Agency Title: Arizona Best Real Estate
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507 E Broadway Road | MLS# 6996798
This commercial property located at 507 E Broadway Road, Phoenix, AZ 85040 is currently listed for sale with an asking price of $950,000. Search Phoenix real estate on www.dinadavies.com today.