109 Main StPayson, AZ 85541
- Office properties
- 2,284 SF
Property Details for 109 Main St
- Year built
- 1970
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.23 AC
- Property size (Sq ft)
- 2,284 SF
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 304-16-121
- APU
- 30416121
Description
This exceptional commercial property, located at 109 W Main Street, Unit 109, in the vibrant town of Payson, Arizona, presents a unique investment opportunity. Situated on a sizable 0.23-acre lot, this property offers significant potential for a variety of commercial ventures. The address places it directly on Main Street, ensuring high visibility and accessibility for customers. While the exact square footage is currently unavailable, the substantial lot size suggests ample space for development or expansion. The asking price of $460,000 represents a compelling entry point into the Payson commercial real estate market. This property is ideal for entrepreneurs seeking a prominent location to establish their business or for investors looking for a strong return on investment in a growing Arizona community. The property's Main Street location offers unparalleled exposure to a steady stream of pedestrian and vehicular traffic, maximizing its commercial viability. Given the size of the lot and its prime location, this property is well-suited for a range of commercial uses, subject to local zoning regulations. Further due diligence is recommended to explore the full potential of this exciting opportunity. Don't miss out on this chance to own a piece of Payson's thriving commercial landscape.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $538,732
- 6.5%
- $497,292
- 7%
- $461,771
-
Comparable approach
- Method
- Valuation
- Relative Method
- $450,026
- Geo Method
- $450,026
-
Alternative Use
- Use
- Valuation
- Residential
- $616,641
- Hospitality
- $564,840
- Educational
- $469,940
- Medical
- $486,102
- Retail
- $731,018
Location Insight
- City
- Payson
- County
- Gila
- State
- Arizona
- Latitude
- 34.2307
- Longitude
- -111.326
- 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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