807 Beeline HwyPayson, AZ 85541

Property Details for 807 Beeline Hwy

Year built

1954

Construction

WOOD

Lot size

0.34 AC

Property size (Sq ft)

5,195 SF

Property type

Retail properties

Property subtype

Retail space

APN

304-16-152

APU

30416152

Description

Rim Plaza, located at 807 S Beeline Hwy in Payson, Arizona (zip code 85541), presents a unique owner-user opportunity. This established shopping center, built in 1954, boasts 4,995 square feet across four units situated on a 0.34-acre lot (APN: 302-63-097, 304-16-152). The asking price is $585,000, translating to $117.12 per square foot. The property is zoned for commercial use and benefits from excellent visibility and high traffic counts due to its prominent location on Beeline Highway. Ample parking is available both in front and behind the building, enhancing customer convenience. Multiple monument signage opportunities exist, providing excellent branding potential for the owner-user. Currently, two suites are occupied by tenants on month-to-month leases. Recent improvements include a freshly repaved and restriped parking lot, and new shade structures are planned for installation. This property represents a solid investment in a thriving Arizona community. The single building is a classic example of Payson's early commercial development, offering a blend of history and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,801,398

  6.5%

  $1,662,829

  7%

  $1,544,056

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,579,562

  Geo Method

  $2,579,562

• Alternative Use

  Use

  Valuation

  Residential

  $1,402,658

  Hospitality

  $1,284,828

  Educational

  $1,068,962

  Medical

  $1,105,725

  Retail

  $1,662,829

Location Insight

City

Payson

County

Gila

State

Arizona

Latitude

34.2299

Longitude

-111.325

CBSA code

37740

CBSA name

PAYSON, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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