109 Main StPayson, AZ 85541

  • Office properties
  • 2,284 SF
For Sale
$460,000 View listing

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
109 Main St, Payson, Arizona

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$2,587
$7,027
$16,536
$23,563
-
$39,041
$91,868
$130,909

FAQs

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