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Property profile

404 W Main St Payson, AZ 85541

Retail space
Property ID
US07-0392703
View Sample
4,140 SF 0.52 ac lot Built 1982
Individually Owned 24-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 5670-square-foot medical office building, situated on a half-acre lot in Payson's historic Main Street district, presents a unique investment opportunity. Recently remodeled, the building boasts a fresh interior and exterior, including new paint and a metal roof installed in 2008. The interior features beautiful grey laminate hardwood flooring and numerous upgrades throughout. The two-level structure offers ample space, currently configured as medical offices upstairs. The property's C-3 zoning allows for a variety of potential uses, making it highly versatile. Convenient parking is readily available with 38 spaces on-site. A prominent monument sign at the front of the building enhances visibility and adds to its appeal. Constructed in 1982, this well-maintained property offers an outstanding location and significant potential for future growth. The expansive lot size and existing infrastructure provide a solid foundation for a thriving business. This is a rare opportunity to acquire a substantial commercial property in a desirable location. The building's current configuration as medical offices, combined with its versatile zoning, makes it an attractive option for both established businesses and new ventures.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1982
Construction METAL FRAME
Total area 4,140 SF
Lot 0.52 ac (22,651 SF)
APN 304-16-212B
UPID US07-0392703

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Civil Engineer
  • Medical Clinic
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$295k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$295k

Owner & transaction history

since 2002
2 recorded transactions
2002
$360,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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