507 E Broadway Rd Phoenix, AZ 85040

Listing agency Compass m***@gmail.com Show Phone

Listed by Mehran Parsai · License #BR112043000 Show Phone

Source Exprealty

Added: Mar 11 Updated: Jul 20 at 7:45PM Checked: Jul 20 at 7:45PM

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Investment Insights

Based on property information with market context.

This remodeled auto repair building totals 1,814 SF and is currently leased to an established auto repair tenant for $5,500 per month. The property includes a recently installed roof and three exterior service bays, with two lifts to support vehicle service operations, along with ample parking.

The building is located at 507 E Broadway Rd in Phoenix, AZ, on a busy corridor. The property offers C-3 zoning, described in the listing remarks as allowing for a wide range of commercial uses and long-term flexibility for investors or future redevelopment.

As presented, the asset is marketed as generating strong income with a 6% cap rate, supported by the existing lease and the property’s service-bay configuration.

Key Highlights

• Leased 1,814 SF auto repair building on a C‑3 zoned site
• Auto repair tenant in place at $5,500/month lease income
• Features three exterior service bays and two lifts

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Similar Off Market Nearby

• K.T. AUTOMOTIVE REPAIR — 4501 S 7th Ave #7, Phoenix, AZ 85041
• Rent A Tire — 4973 S Central Ave, Phoenix, AZ 85040
• Truck Power Solutions - 6.7L Powerstroke Specialist — 5010 S Central Ave, Phoenix, AZ 85040
• Lanza & Associates Auto Tech — 5418 S 3rd St, Phoenix, AZ 85040
• Chilo's Llantera — 5014 S Central Ave, Phoenix, AZ 85040

FAQs

What type of property is this?

Auto shop - Leased auto repair building with three exterior service bays, two lifts, and ample parking.

Where is this auto shop located?

The property is located at 507 E Broadway Rd Phoenix, AZ.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Leased 1,814 SF auto repair building on a C‑3 zoned site; Auto repair tenant in place at $5,500/month lease income; Features three exterior service bays and two lifts