507 E BROADWAY Road, Phoenix AZ 85040
$875,000
Brokerage: Ivy Realty(623) 299-4954
1 / 12Home facts
- Price
- $875,000
- Status
- Active
- Baths
- 0
- Living area
- 1,824 sq ft
- Lot
- 13,650 sq ft
- Year built
- 2000
- Type
- D
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- LOCH PLACE ANNEX
- MLS #
- 6996798
Listed by Compass · 480-776-1555
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
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.
Features
Roof
Composition
Sewer
Sewer - Public
Cooling
Office A/C
Heating
Electric
Electric
SRP
Flooring
Concrete
WaterSource
City Franchise
ParkingFeatures
Fenced
ConstructionMaterials
Wood Frame, Block
Map
Price and status history
| Date | Change | From → To |
|---|---|---|
| Sep 10, 2026 | Price | $950,000 → $875,000 |
Nearby sales
Closed within about ¾ mile in the last 6 months (ARMLS).
| Address | Sold | Price | Beds/Baths | Sq ft | Listing brokerage |
|---|---|---|---|---|---|
| 1021 E ODEUM Lane | Sep 29, 2026 | $406,000 | 4/3 | 1,992 | HomeSmart |
| 4437 S 8TH Place S | Sep 29, 2026 | $345,050 | 3/2 | 1,167 | Realty ONE Group |
| 122 W GROVE Street | Sep 23, 2026 | $337,000 | 3/1 | 1,425 | eXp Realty |
| 1010 E CHIPMAN Road | Sep 16, 2026 | $250,000 | 2/1 | 736 | Coldwell Banker Realty |
| 206 W SUNLAND Avenue | Sep 8, 2026 | $389,000 | 4/2 | 1,961 | My Home Group Real Estate |
| 111 W CHAMBERS Street | Aug 18, 2026 | $285,000 | 4/2 | 1,519 | My Home Group Real Estate |
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).