Payson Land Near Highway
For Sale
Contact for pricing
SR 87 & Malibu Dr, Payson, AZ
Land suitable for apartments near Highway 87 and schools.
Property SizeContact for details
Lot Size13.35 Acres
Days on Market2833
Property Features for SR 87 & Malibu Dr
General Information
Standard status
Active
Lot size
13.35 Acres
Property subtype
LAND
Listing Agency:
NAI Horizon - Phoenix
(602) 791-3828
Listed By:
John Filli SIOR
(602) 791-3828
Source:
Moodyscre
Added: Nov 29, 2018
Changed: Aug 17
Last Checked: Aug 31 at 1:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Horizon - Phoenix
Investment Insights
Based on property information with market context.
This property, rezoned in 2013 to PAD (Planned Area Development District) by the Town of Payson, allows for the development of single-story homes, townhouses, and apartments. The neighborhood features a mix of single and multi-family residential properties, along with retail and office spaces. The site is located just west of State Hwy 87, immediately adjacent to the northern and western property lines of an existing Wal-Mart store, and on the east side of the Forest Hills Condominiums. It offers easy access from SR-87 and is in close proximity to schools. The site is considered an excellent location for apartments. Payson's appeal as a retirement and seasonal community is supported by its natural beauty, small-town character, and proximity to Phoenix. Since 2000, the number of housing units has increased by an average of about 200 units annually, with the exception of 2006 when 277 units were added. The Town of Payson conducted a housing study to develop a housing strategy aimed at ensuring a healthy, balanced housing market; this study is publicly available. There are plans to build a 3,000 to 6,000 student campus in Payson on 300 acres of Forest Service land just off State Hwy 260 opposite Gila Community College.
Key Highlights
- Zoned PAD allowing for single‑story homes, townhouses, and/or apartments.
- Excellent location for apartments.
- Adjacent to Wal‑Mart and close to Forest Hills Condominiums.
Property Analytics
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Frequently Asked Questions
What type of property is this?
Land - Land suitable for apartments near Highway 87 and schools.
Where is this land located?
The property is located at SR 87 & Malibu Dr Payson, AZ.
What is the asking price?
The asking price for this property is $1,108,349.
What are key features of this property?
This property features: Zoned PAD allowing for single‑story homes, townhouses, and/or apartments.; Excellent location for apartments.; Adjacent to Wal‑Mart and close to Forest Hills Condominiums.
