113 Cedar LnPayson, AZ 85541
- Retail properties
- 4,000 SF
Property Details for 113 Cedar Ln
- Year built
- 1974
- Construction
- CONCRETE
- Lot size
- 0.50 AC
- Property size (Sq ft)
- 4,000 SF
- Property type
- Retail properties
- Property subtype
- Gas stations
- APN
- 304-17-119B
- APU
- 30417119B
Description
This expansive commercial property, located at 113 W CEDAR Lane in Payson, Arizona, offers 6,400 square feet of versatile space situated on a 0.49-acre lot. The property's substantial size presents a unique opportunity for a wide range of business ventures. Its location in Payson provides access to a thriving local community and offers potential for significant growth. The asking price is $1,700,000. The property's classification as "Other" suggests flexibility in its potential use, allowing for creative adaptation to suit specific business needs. The generous 0.49-acre lot provides ample space for expansion, outdoor activities, or additional parking. This property is an excellent investment opportunity for entrepreneurs and businesses seeking a substantial footprint in a growing Arizona market. The large square footage allows for multiple uses, from retail and office space to light industrial or warehousing. The property's potential is limited only by the imagination of the prospective buyer. Serious inquiries are encouraged to explore the possibilities this unique commercial property offers. Further details regarding zoning and permitted uses are available upon request. This is a rare opportunity to acquire a significant commercial property in a desirable location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,386,985
- 6.5%
- $1,280,294
- 7%
- $1,188,844
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,986,153
- Geo Method
- $1,986,153
-
Alternative Use
- Use
- Valuation
- Residential
- $1,079,976
- Hospitality
- $989,252
- Educational
- $823,046
- Medical
- $851,352
- Retail
- $1,280,294
Location Insight
- City
- Payson
- County
- Gila
- State
- Arizona
- Latitude
- 34.2273
- Longitude
- -111.33
- 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
FAQs
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