Remodeled Auto Repair
For Sale
$950,000
507 E BROADWAY Road, Phoenix, AZ 85040
Leased auto repair building with three exterior service bays, two lifts, and ample parking.
Property Size1,824 SF
Price / SF$523.70
Days on Market172
Property Features for 507 E BROADWAY Road
General Information
Standard status
Active
Size
1,824 SF
Property subtype
COMMERCIAL
Zoning
C-3
Additional Details
Cap Rate
6%
Service Bays
3
Taxes and HOA fees
Annual Taxes
$8,621
Building Details
Building Size
1,824 SF
Year Built
2000
Tenancy
Single
Listing Agency:
Compass
(480) 980-2244
Listed By:
Mehran Parsai · License #BR112043000
(480) 980-2244
Source:
Alexiabertsatos
Added: Mar 11
Changed: Aug 28
Last Checked: Aug 28 at 6:57PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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.
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
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85040, AZ
33,993
Population
11,962
Households
2.8
Avg Household Size
30
Median Age
15%
College-Educated
69%
High-School Grad
10.1 sq mi
ZIP Area
3,366
Density / Sq Mi
$57,890
Median Household Income
$36,355
Median Earnings
$1,193
Median Rent
$294,800
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Similar Off Market Nearby
- Lanza & Associates Auto Tech — 5418 S 3rd St, Phoenix, AZ 85040
- Chilo's Llantera — 5014 S Central Ave, Phoenix, AZ 85040
- Rent A Tire — 4973 S Central Ave, Phoenix, AZ 85040
- Truck Power Solutions - 6.7L Powerstroke Specialist — 5010 S Central Ave, Phoenix, AZ 85040
- K.T. AUTOMOTIVE REPAIR — 4501 S 7th Ave #7, Phoenix, AZ 85041
Frequently Asked Questions
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 Road 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
