102 Main StPayson, AZ 85541

Property Details for 102 Main St

Year built

2005

Construction

LOG

Lot size

0.55 AC

Property size (Sq ft)

2,262 SF

Property type

Office properties

Property subtype

Office buildings

APN

304-16-307B

APU

30416307B

Description

This exceptional retail property, located at 102 E Main Street in Payson, Arizona, presents a unique investment opportunity. The 2,262 square foot building, constructed in 2005, sits on a 0.55-acre lot and boasts a prime corner location at the intersection of State Route 87 (Beeline Hwy) and East Main Street, ensuring maximum market exposure. The building features a distinctive mountain-style log exterior and ample paved parking with 20 spaces. Currently operating at 100% occupancy, this single-tenant property offers a gross lease and is zoned C-2. The building's size falls within the range of 1,800 to 3,000 square feet, spread across two stories. The asking price is $937,000, translating to $570.29 per square foot. The property's APN is 304-16-307B. This fee-simple ownership opportunity is ideal for investors seeking a high-traffic, high-visibility location in a desirable Arizona market. The property's current use includes a bar, pharmacy/drug store, and storefront, showcasing its versatility.

• CAP approach

  CAP return

  Valuation

  6%

  $533,565

  6.5%

  $492,521

  7%

  $457,341

• Comparable approach

  Method

  Valuation

  Relative Method

  $445,702

  Geo Method

  $445,702

• Alternative Use

  Use

  Valuation

  Residential

  $610,726

  Hospitality

  $559,422

  Educational

  $465,432

  Medical

  $481,439

  Retail

  $724,006

Location Insight

City

Payson

County

Gila

State

Arizona

Latitude

34.2305

Longitude

-111.325

CBSA code

37740

CBSA name

PAYSON, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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