Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

MLS# 6996798 – 507 E Broadway Road, Phoenix, AZ 85040

$950,000 - Br/Ba - for Sale in Loch Place Annex, Phoenix
Price: $950,000
Lot Size Acres: 0.31
Lot Size SqFt: 13,650
Status: Active
Year Built: 2000
Days on Website: 178

Courtesy of Compass 480-980-2244

Property 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.

Open House

Property Details and Features

  • Building
  • Built in 2000
  • Living area: 1824.0
  • 1 building
  • Construction Materials: Wood Frame, Block
  • Cooling
  • Office A/C
  • Disclosures
  • None
  • Expenses
  • Operating: $8,921
  • Water/Sewer: $300
  • Fence
  • Security
  • Block
  • Floors
  • Concrete
  • Heating
  • Electric
  • Income
  • Gross Income: $66,000
  • Gross ScheduledIncome: $66,000
  • Net Operating Income: $57,000
  • Listing
  • Listing ID: 6996798
  • Standard Status: Active
  • MLS Status: Active
  • On market as of 2026-03-11
  • 178 days on market
  • Location
  • Subdivision: LOCH PLACE ANNEX
  • County/Parish: Maricopa
  • Lot
  • 0.31 acres
  • Parking
  • 20 open parking spaces
  • 20 total parking spaces
  • Fenced
  • Roof
  • Composition
  • Security Features
  • Smoke Detector(s)
  • Sewer
  • Septic Tank
  • Taxes
  • Parcel Number: 113-37-083-A
  • Public Survey Range: 3E
  • Public Survey Section: 29
  • Annual Amount: $8,621
  • Tax Book Number: 113.00
  • Legal Description: LOCH PLACE ANNEX E2 LOT 81 EX N 7′ & ALSO E2 LOT 82
  • Lot: 81
  • Map Number: 37.00
  • Parcel Letter: A
  • Year: 2025
  • Zoning: C-3
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

$950,000 – 507 E Broadway Road, Phoenix, AZ 85040

Street View

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This content last updated on September 5, 2026 1:31PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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