109 Phoenix StPayson, AZ 85541

Property Details for 109 Phoenix St

Year built

1967

Construction

WOOD

Lot size

0.31 AC

Property size (Sq ft)

1,200 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

304-17-165C

APU

30417165C

Description

This exceptional commercial property in Payson, Arizona presents a unique investment opportunity. Located on a 0.32-acre lot just off Highway 87, this C2-zoned building offers significant versatility for a wide range of commercial uses. The building itself boasts a spacious, open-concept layout, providing ample room for customization to suit specific business needs. The expansive lot provides abundant outdoor space, perfect for parking, outdoor seating, storage, or future expansion projects. Its prime location ensures high visibility and easy accessibility for customers and employees. The high-demand area guarantees strong potential for growth and return on investment. This property is ideally suited for entrepreneurs and businesses seeking a strategic location in a thriving community. The C2 zoning allows for a diverse array of commercial activities, making it an attractive option for various business ventures. Don't miss this chance to acquire a property with significant potential in a rapidly growing area of Payson. The combination of size, location, and zoning makes this an exceptional opportunity for commercial development or expansion. The property's strategic placement near Highway 87 ensures excellent visibility and convenient access. This is a rare chance to secure a substantial commercial property in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $416,088

  6.5%

  $384,081

  7%

  $356,647

• Comparable approach

  Method

  Valuation

  Relative Method

  $595,839

  Geo Method

  $595,839

• Alternative Use

  Use

  Valuation

  Residential

  $323,987

  Hospitality

  $296,770

  Educational

  $246,909

  Medical

  $255,401

  Retail

  $384,081

Location Insight

City

Payson

County

Gila

State

Arizona

Latitude

34.2264

Longitude

-111.332

CBSA code

37740

CBSA name

PAYSON, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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