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    404 Main St Payson, AZ 85541

    For Sale
    $950,000

    Historic Main Street, 5670 sq ft, 1вЃ„2 acre lot

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    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 Features for 404 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    22,651 SF

    Building Details

    Year Built
    1982
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Painted Sky Engineering ... Civil Engineer Heartcare Specialists Center Medical Clinic Turner Gail B ... Cardiologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Payson
    County
    Gila
    State
    Arizona
    Longitude
    -111.3318
    Latitude
    34.23144

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    FAQs

    What type of property is this?
    Commercial real estate - Historic Main Street, 5670 sq ft, 1вЃ„2 acre lot
    Where is this commercial real estate located?
    The property is located at 404 Main St Payson, AZ.
    What is the asking price?
    The asking price for this property is $950,000.
    (623) 561-8800
    Request Owner's contact information
    404 Main St Payson, AZ 85541
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    404 Main St Payson, AZ 85541
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