0 Sr 87 & Malibu DrPayson, AZ 85541

This exceptional 26.1-acre land parcel in Payson, Arizona, presents a unique investment opportunity. Located at SR 87 & Malibu Dr, this property boasts a prime location, zoned R1-10, and offers significant potential for residential and commercial development. Previously approved as a Planned Area Development (PAD) District by the Town of Payson in 2013, the site allows for the construction of single-story homes, townhouses, or apartments. Its strategic position adjacent to an existing Walmart store and the Forest Hills Condominiums, coupled with its proximity to schools and easy access from SR-87, ensures high visibility and convenient access. Payson's thriving community, attractive to retirees and seasonal residents, exhibits consistent housing growth, averaging approximately 200 new units annually since 2000 (excluding 2006). A comprehensive housing study conducted by the Town of Payson further supports the viability of this development. The surrounding neighborhood showcases a blend of residential and commercial uses, making this site ideal for a mixed-use project. The property's APN is 304-05-138D, 304-05-011M, and 304-05-011K. The asking price is $1,751,772, translating to $83,022.39 per acre. The potential for a large student campus nearby further enhances the long-term value proposition. This is a rare opportunity to acquire a substantial land holding in a rapidly growing area. Don't miss out on this chance to capitalize on Payson's dynamic real estate market.