400 Beeline HwyPayson, AZ 85541
- Land
- 7.36 AC
Property Details for 400 Beeline Hwy
- Lot size
- 7.36 AC
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 304-02-019E
- APU
- 30402019E
Description
This ±7.36-acre commercial land parcel in Payson, Arizona, presents a unique development opportunity. Situated at the signalized northwest corner of Arizona State Route 87 and W Rumsey Drive, this property boasts ±600 feet of frontage on the Beeline Highway (State Route 87), which saw an average daily traffic count of approximately 18,232 in 2020, and ±790 feet of frontage on W Rumsey Drive. The eastern portion (±4.2 acres) is zoned C-2, while the western portion (±3.1 acres) is zoned R-3 by the Town of Payson, allowing for a variety of multifamily development options. Utilities, including water, sewer, electricity, and natural gas, are readily available at the property line. The property enjoys a high elevation, offering stunning mountain views and features rolling topography with high desert vegetation and mature trees. Its strategic location places it near major retailers such as Walmart, Home Depot, Safeway, and numerous other businesses. Payson, located approximately 90 minutes northeast of the Phoenix/Scottsdale metro area, had a population of approximately 16,000 in 2020, with a median household income of $61,000 and a median age of 58.4 years. The area also benefits from a strong employment base, including major employers such as Payson Unified School District, Mazatzal Casino Hotel, and Banner Payson Medical Center. The seller will provide a qualified buyer with time to secure necessary government approvals. This site is ideal for multifamily, senior housing, or other commercial developments. The property's location and zoning make it a compelling investment opportunity in a growing Arizona market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $86,501,184
- Hospitality
- $79,234,624
- Educational
- $65,922,276
- Medical
- $68,189,440
- Retail
- $102,545,760
Location Insight
- City
- Payson
- County
- Gila
- State
- Arizona
- Latitude
- 34.2459
- Longitude
- -111.324
- CBSA code
- 37740
- CBSA name
- PAYSON, AZ MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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