400 Beeline HwyPayson, AZ 85541

Property Details for 400 Beeline Hwy

Lot size

7.36 AC

Property type

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.

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $166,363,000

  Retail / Commercial

  $83,213,100

  Mixed-Use / Specialty

  $81,264,100

  Hospitality / Lodging

  $57,469,500

  Office

  $79,060,200

  Institutional / Educational

  $83,891,300

  Residential Income

  $98,152,900

  Multifamily

  $126,880,000

  Automotive / Energy

  $71,906,800

  Parking / Income-Based Land

  $26,446,700

  Restaurant / Food Service

  $38,739,500

  Healthcare / Senior Housing

  $85,029,300

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

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