C1-Zoned Land with Condo Site
For Sale
$655,000
309 South Ponderosa Street, Payson, AZ 85541
Level parcel with approved site plan for 26 condominium units and zoning guidance for additional development concepts.
Property Size68,824 SF
Lot Size1.58 Acres
Price / SF$9.52
Days on Market142
Property Features for 309 South Ponderosa Street
General Information
Standard status
Active
Size
68,824 SF
Lot size
1.58 Acres
Property subtype
Land / Unimproved Land
Zoning
C-1
Additional Details
Multifamily Units
26
Taxes and HOA fees
Annual Taxes
$1,570
Amenities
Chain Link
Listing Agency:
PAYSON HOMES & LAND
(928) 595-2218
Listed By:
Robert Charles Pearson · License #BR524963000
(928) 595-2218
Source:
Compass
Added: Mar 21
Changed: Aug 8
Last Checked: Jul 15 at 8:02PM
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 PAYSON HOMES & LAND
Investment Insights
Based on property information with market context.
Offered for sale is a level 1.58-acre commercial land parcel in Payson, AZ with some existing improvements in the ground. The property includes a site plan approved by the Town of Payson for 26 condominium units, providing a clear development pathway for a residential builder or investor. Documents are available for permitted and conditional uses tied to C1 zoning.
The parcel is described as being located in the center of town, positioning it for developers considering projects that benefit from an established community setting. In addition to the approved condominium concept, the offering references a conceptual plan that would require Town approval to build 140 storage units (10' x 20' units). Prospective buyers should review the documents section for the full list of permitted and conditional uses under C1 zoning.
With multiple development directions on record, this land is well suited for a contractor or developer looking for an actionable, approval-based condominium plan, as well as a potential alternative storage-unit concept pending municipal review. Buyers and brokers can use the existing site plan and zoning materials to frame feasibility discussions and next steps with the Town of Payson.
The parcel is described as being located in the center of town, positioning it for developers considering projects that benefit from an established community setting. In addition to the approved condominium concept, the offering references a conceptual plan that would require Town approval to build 140 storage units (10' x 20' units). Prospective buyers should review the documents section for the full list of permitted and conditional uses under C1 zoning.
With multiple development directions on record, this land is well suited for a contractor or developer looking for an actionable, approval-based condominium plan, as well as a potential alternative storage-unit concept pending municipal review. Buyers and brokers can use the existing site plan and zoning materials to frame feasibility discussions and next steps with the Town of Payson.
Key Highlights
- 1.58‑acre level parcel located in the center of town in Payson
- Approved site plan for 26 condominium units (see documents for details)
- C1 zoning guidance included, including permitted and conditional uses (see documents section)
Property Analytics
Property Profile
Current Use
Lease Details
26
Residential units
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
Explore this area
Business Placement
Demographics for 85541, AZ
22,974
Population
15,908
Households
1.4
Avg Household Size
58
Median Age
24%
College-Educated
93%
High-School Grad
808.5 sq mi
ZIP Area
28
Density / Sq Mi
$63,857
Median Household Income
$36,590
Median Earnings
$1,290
Median Rent
$317,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Level parcel with approved site plan for 26 condominium units and zoning guidance for additional development concepts.
Where is this commercial land located?
The property is located at 309 South Ponderosa Street Payson, AZ.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 1.58‑acre level parcel located in the center of town in Payson; Approved site plan for 26 condominium units (see documents for details); C1 zoning guidance included, including permitted and conditional uses (see documents section)
