109 Main StPayson, AZ 85541

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 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.

• 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 Income

  $616,641

  Hospitality / Lodging

  $564,840

  Institutional / Educational

  $469,940

  Healthcare / Senior Housing

  $486,102

  Retail / Commercial

  $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

FAQs

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