$2,800,000
Payson, AZ 85541
MLS# 86560
0.93 sqft
1 / 37
Property Description
''City Storage'' is located between 104 W Phoenix St & 113 W Cedar Ln. with a total of 1.43 Acres. Rental Units are at or near capacity, Currently we have 25 climate-controlled units. We are beginning Phase two, installing 18 climate-controlled storage units. 3rd Phase will be adding a proposed 35-50 self storage units. With Phase 4 to add an additional 50-80 units. And additional 30 units to be added to garage building (Currently an 18 mo lease is remaining). Plus, Lot space on Cedar property of another 20 RV spaces. The Phoenix Property has 36 Spaces and is 66% occupied. Additionally the Cedar property can be built on or used for additional RV Storage. Includes 2 separate apartments, one in each building.
Details
Maps
Contract Information
Property Sub-Type: Industrial
List Price: $2,800,000
Current Price: $2,800,000
List Price/SqFt: 3010752.68
List Date: 2022-04-26
List Type: Exclusive Agency
Foreclosure: No
Sale/Lease: Sale
Location, Tax & Legal
Street #: 104
Direction: W
Street Name: PHOENIX
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Wooded Estates
County: Gila
Zoning: C-2
Taxes: 3968
Tax Year: 2021
Assessor's Book #: 304
Lot #: 6
Assessor's Map #: 17
Assessor's Parcel #: 124
APN #: 304-17-124
HOA: No
Legal Description: LOT:6-7 CITY/MUNI/TWP: PAYSON SUBD: PINE RIDGE ADDITION SEC/TWN/RNG/MER:SEC 09 TWN 10N RNG 10E SECTION: 09 TOWNSHIP: 10N RANGE: 10E LOTS 6 & 7, WOODED ESTATES, PLAT 87SW1/4 NE1/4 SEC 9 T10N R10E = 0.93 AC MAP REF:PM 304-17
General Property Description
Acres: 0.93
Lot Dimensions: 163.01x358.4x224.46x150.33
Apx SqFt: 0.93
Year Built: 1985
Land Size: 40511
Building Size: 2376
# of Tenants: 1 - 4
Remarks & Misc
Directions: SR 87 to Phoenix St. Property near the intersection of West Phoenix and the Beeline Hwy.
Status Change Info
Status: Active
Currently Not Used
Total Rooms: 1
Income/Sales Info
Net Operating Income: CLO
Cap Rate: CLO
Down Payment: CLO
Gross Sales: 149400
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Property Features
To Show: Showing Time
Location: Rural
Type/Style: Single Level
Garage/Carport: Garage Only; RV Parking
Lot/Street Improvem.: Blacktop Street
Construction: Block; Steel
Siding: Aluminum
Roof: Asphalt/Comp Shingle; Metal
Property Features: Chain Link; Security Gate
Exterior Features: Auto Bays; In the Trees; Dog Run
Interior Features: Smoke Detectors; Refrigerator; Living Quarters; Showroom
Floor Type: Slab
Floor Covering: Carpeting; Concrete
Cooling: Electric Refrig.
Heating: Forced Air; Propane; Wall Panel
Utilities Available: Electricity; Propane Piped; Payson Water Company; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Underground Util
Possession: At Close of Escrow
Owner May Sell/Terms: Cash; Conventional; OWC/OMC; 1031 Exchange
Documents on File: SPDS; Plat Map
Exist. Finance Fees: N/A - Other
Management: Owner/Family
Form of Ownership: Corporation
Sale Price Includes: Business; Building
Avg Room Rent/Night: 0 - 40
Supplements
Currently land is being rented for RV Storage and is almost at capacity. Building on Phoenix has office and 18 Climate Controlled Units, Building on Cedar has Apartment and 25 more Climate Controlled units. Unit Sizes to be modified during building process.
Currently generating over $12,450 monthly and have potential of 2-3 times in volume as Phases are complete.
These properties are being sold together and adjoining, located at:
104 W Phoenix St (Zoned C2) (.93 Ac.)
&
113 W Cedar (Zoned C3) (.50 Ac.)
Listing Office: DeLex Realty - PAYSON
Last Updated: June - 29 - 2022
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. All property and lots are subject to prior sale. All real estate advertising placed for real properties in the United States is subject to the U.S. Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination."Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis.
