$1,250,000
Payson, AZ 85541
MLS# 93245
5760 sqft
1 / 32
Property Description
Prime commercial investment opportunity on Main Street in the heart of Payson, AZ. This well-maintained multi-suite commercial building offers excellent visibility, easy access, and strong income potential. The property features 11 suites with a few tenants occupying several units. There are numerous upgrades completed throughout, making it attractive for both tenants and investors alike. Major capital improvements include a newer roof installed in 2022 with 30-year shingles and an existing roof warranty, along with new heating and air conditioning units installed in 2022. The exterior was repainted approximately two years ago, providing a clean, updated curb appeal. Adding to the income potential are seven on-site storage containers, ideal for tenant use or to lease separately for additional revenue. Parking is convenient and well thought out, with parking available directly in front of the lower units as well as additional parking in the rear for the upstairs suites, allowing customers and tenants easy access without the need to walk up stairs. Located on one of Payson's main thoroughfares, this property is perfectly suited for professional offices, retail, service-based businesses, or mixed commercial use. A solid investment with recent updates, flexible suite configuration, and added income opportunities—this Main Street property is a standout opportunity in a growing market. Owner is a license realtor in the State of Arizona.
Details
Maps
Contract Information
List Price/SqFt: 217.01
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Real Estate Only
List Price: $1,250,000
Current Price: $1,250,000
List Date: 2025-12-30
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: C-2
Taxes: 8275.92
Tax Year: 2025
Assessor's Book #: 304
Assessor's Map #: 16
Assessor's Parcel #: 213
Assessor's Parcl Ltr: C
APN #: 304-16-213C
HOA: No
Legal Description: Section: 09 Township: 10N Range: 10E Parcel 2 , Ros 1767Nw1/4 Ne1/4 Sec 9 T10n R10e = 0.66 Ac(Out Of 304-16-213A)
Street #: 408
Direction: W
Street Name: Main
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Hathaway Sub
County: Gila
Location
Shopping Mall/Ctr: 1
Downtown: 1
Freestanding: 1
General Property Description
Acres: 0.66
Lot Dimensions: 200 x 144
# Parking Spaces: 21
Land Size: 28750
Building Size: 5760
# of Tenants: 5 - 9
Vacancy %: 23
Apx SqFt: 5760
Year Built: 1975
Remarks & Misc
Directions: Hwy 87. West on Main Street to 408 W. Main Street (North Side of Main).
Public Remarks: Prime commercial investment opportunity on Main Street in the heart of Payson, AZ. This well-maintained multi-suite commercial building offers excellent visibility, easy access, and strong income potential. The property features 11 suites with a few tenants occupying several units. There are numerous upgrades completed throughout, making it attractive for both tenants and investors alike. Major capital improvements include a newer roof installed in 2022 with 30-year shingles and an existing roof warranty, along with new heating and air conditioning units installed in 2022. The exterior was repainted approximately two years ago, providing a clean, updated curb appeal.
Adding to the income potential are seven on-site storage containers, ideal for tenant use or to lease separately for additional revenue. Parking is convenient and well thought out, with parking available directly in front of the lower units as well as additional parking in the rear for the upstairs suites, allowing customers and tenants easy access without the need to walk up stairs.
Located on one of Payson's main thoroughfares, this property is perfectly suited for professional offices, retail, service-based businesses, or mixed commercial use. A solid investment with recent updates, flexible suite configuration, and added income opportunities—this Main Street property is a standout opportunity in a growing market. Owner is a license realtor in the State of Arizona.
Status Change Info
Sold Price/SqFt: 0
Status: Active
Currently Not Used
Total Rooms: 3
Income/Sales Info
Net Operating Income: 51,000 - 99,999
Cap Rate: 5 - 7.9%
Down Payment: Submit
Gross Sales: 115044
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Type of Loan: N/A
Lender: N/A
Loan #: N/A
Construction
Block: 1
Brick: 1
Interior Features
Dual Pane Windows: 1
Smoke Detectors: 1
Refrigerator: 1
Range/Oven: 1
Floor Covering
Concrete: 1
Laminate: 1
Property Features
None: 1
Lot/Street Improvem.
Sidewalks: 1
Paved Parking: 1
Blacktop Street: 1
Type/Style
Single Level: 1
Two Story: 1
Garage/Carport
None: 1
Exterior Features
View of Mountains: 1
View of Town: 1
Storage/Utility Shed: 1
N/A - Other: See Remarks
Roof
Asphalt/Comp Shingle: 1
Utilities Available
Electricity: 1
Town of Payson Water: 1
Payson Water Company: 1
Sewer Hooked In: 1
Telephone: 1
Cable TV/Satellite: 1
Internet Hook Up: 1
Trash: 1
Heating
Electric: 1
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
OWC/OMC: 1
Submit: 1
Floor Type
Wood: 1
Slab: 1
Cooling
Electric Refrig.: 1
Ceiling Fan: 1
Documents on File
SPDS: 1
Fireplace/Woodstove
N/A - Other: None
Tenant Pays
Cable TV/Satellite: 1
Janitorial: 1
Exist. Finance Fees
Free & Clear: 1
Management
Management Company: 1
Form of Ownership
Sole Proprietor: 1
Sale Price Includes
Building: 1
Land: 1
Fixtures: 1
Inventory: 1
Personal Property: 1
Contracts: 1
N/A - Other: Call Listing Office
Avg Room Rent/Night
0 - 40: 1
Occupancy
Partially Leased: 1
Property Features
Location: Shopping Mall/Ctr; Downtown; Freestanding
Construction: Block; Brick
Roof: Asphalt/Comp Shingle
Property Features: None
Exterior Features: View of Mountains; View of Town; Storage/Utility Shed
Interior Features: Dual Pane Windows; Smoke Detectors; Refrigerator; Range/Oven
Floor Type: Wood; Slab
Floor Covering: Laminate; Concrete
Cooling: Electric Refrig.; Ceiling Fan
Heating: Electric
Utilities Available: Electricity; Town of Payson Water; Payson Water Company; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash
Possession: At Close of Escrow
Tenant Pays: Cable TV/Satellite; Janitorial
Documents on File: SPDS
Management: Management Company
Form of Ownership: Sole Proprietor
Sale Price Includes: Building; Land; Fixtures; Inventory; Personal Property; Contracts
Occupancy: Partially Leased
IDX
Listing Office: REALTY EXECUTIVES ARIZONA TERR
Last Updated: December - 31 - 2025
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.
