507 E BROADWAY Road, Phoenix, AZ 85040 (MLS# 6996798)

507 E BROADWAY Road, Phoenix, AZ 85040

$875,000

Property Type: Comm/Industry Sale Square Footage: 1,824 Lot Size (sq. ft.): 13,650 Status: Active

Current Price: $875,000 List Date: 3/11/2026 Last Modified: 11/10/2026

Overview

Description

Excellent opportunity to acquire a highly visible commercial property along the Broadway Road corridor. The 1,814 SF building was previously operated as a restaurant and was later converted for use as an auto dealership. The property is currently vacant, providing flexibility for an owner-user, investor, or redevelopment opportunity. The property has been recently remodeled and features a newer roof, three exterior service bays, two lifts, and ample on-site parking. Its highly desirable and hard-to-find C-3 zoning allows for a wide variety of commercial uses, offering significant flexibility for future occupancy or repositioning. With strong street visibility, convenient access, and versatile zoning.

Listing Details MLS# 6996798

Location, Tax & Legal

House Number: 507
Compass: E
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 2116
Country: US
County Code: Maricopa
Subdivision: LOCH PLACE ANNEX
Assessor Number: 113-37-083-A
Tax Year: 2025

Contract Info

Ownership: Fee Simple

General Property Description

Type of Property: Free Standing
Ttl Apx SqFt Bldg: 1824
# of Buildings: Yes
Stories: Yes
# of Interior Levels: Yes
Year Built: 2000
Uncvrd Parking Spcs: 20
Zoning: C-3

Remarks Misc

Cross Street: Broadway, 7th Street
Directions: West on Broadway to property

Legal Info

Township: 1N
Range: 3E
Section: 29
Lot Number: 81

Bay Info

# of Bays: 3
Bay Door Height: 14

More Information

Income Expenses

Gross Annual Sch Inc: 66000
Net Operating Income: 57000

Showing Notification Methods

Showing Service: No Showing Service Used

Property Features

Building Type: Commercial Business Type: Automobile Construction: Block; Wood Frame Roofing: Composition Floors: Concrete Ceiling Height: 10.1 Feet to 12 Feet Cooling: Office A/C Loading Facilities: None Interior Features: Smoke Detector(s) Fencing: Block; Security Parking Features: Fenced Electric: SRP Gas: None Water Source: City Franchise Sewer: Sewer - Public New Financing: Cash Only; Cash to Loan; 1031 Exchange; Other (See Remarks) Lockbox Type: Combo Source of Fincl Data: Owner Existing 1st Loan: Treat as Free&Clear Environmental: None

Listing Office: Compass

Office Phone: 480-776-1555

Office Email: lexie.fabor@compass.com

Last Updated: November - 10 - 2026

Broker Attribution: 480-980-2244

507 E BROADWAY Road, Phoenix, AZ 85040 (MLS# 6996798)