407 Main StPayson, AZ 85541

Property Details for 407 Main St

Year built

1971

Construction

CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

2,320 SF

Property type

Retail properties

Property subtype

Gas stations

APN

304-16-105

APU

30416105

Description

This exceptional 2,320 square foot retail property, located at 407 W Main Street in Payson, Arizona (APN 304-16-105), presents a unique investment opportunity. Built in 1971 and extensively renovated in 2024, this single-story building is zoned C-2 and offers a versatile space ideal for a bar, restaurant, or storefront operation. The property features eight convenient parking spaces directly in front, supplemented by ample town parking at the rear, ensuring easy access for customers and staff. The interior boasts attractive garage doors, creating a seamless flow between indoor and outdoor spaces, taking advantage of Payson's pleasant climate. Significant outdoor space is available on the sides and rear of the building, offering additional opportunities for seating, outdoor dining, or other business uses. The asking price is $450,000. This turnkey property is ready for immediate occupancy and represents a strong investment in a thriving Arizona community. The property's prime Main Street location and recent renovations make it an attractive option for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $804,262

  6.5%

  $742,396

  7%

  $689,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,151,799

  Geo Method

  $1,151,799

• Alternative Use

  Use

  Valuation

  Residential

  $626,239

  Hospitality

  $573,631

  Educational

  $477,254

  Medical

  $493,668

  Retail

  $742,396

Location Insight

City

Payson

County

Gila

State

Arizona

Latitude

34.2309

Longitude

-111.332

CBSA code

37740

CBSA name

PAYSON, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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