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507 E Broadway Rd
Phoenix, AZ 85040 South Mountain

$950,000 USD

Freestanding For Sale  •  1,814 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 1,814 SF
  • Lot Size 0.31 AC
  • Building Class B
  • Year Built 2000
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C-3
46 Transit Score
63 Walk Score

Highlights

Located in a designated Opportunity Zone, offering potential tax advantages.
Recently renovated in 2022 with updated finishes and functional improvements.
Current tenant is an auto repair shop under a net lease through December 2025.
Features three exterior bays with two lifts, supporting automotive operations.
Positioned along a busy commercial corridor with strong vehicular traffic.
Ample on-site parking and C-3 zoning allow for flexible future uses.

Financial Summary (Actual)

Net Operating Income: $57,079 USD (2025)
Cap Rate: 6.00 %
Total Expenses: $8,921 USD

Public Transportation

AirportDriveWalkDistance
Phoenix Sky Harbor International 13 min - 6.3 mi
Phoenix-Mesa Gateway 44 min - 30.4 mi
Mehran Parsai 480-980-2244 COMPASS
Mehran Parsai 480-980-2244 COMPASS