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Remodeled Medical Office Building
For Lease
$19.50 SF/Yr

404 W Main Street, Payson, AZ 85541

C-3-zoned commercial property with multiple suites, updated interiors, and a prominent monument sign along Main Street.

Space Size700 SF - 2,300 SF
Property Size5,575 SF
Days on Market27

Property Features for 404 W Main Street

General Information

Standard status Active
Size 700 SF - 2,300 SF
Net Rentable 700 SF
Zoning C-3
Lease Type /mo

Space & Availability

Available Space 700-2,300 SF
Space Use Medical Office

Lease Terms

Lease Rate $19.50 /USD/SF/YR
Monthly Rent $1,137-$3,737
Rent per SF/Year $19.50

Taxes and HOA fees

Annual Taxes $5,859

Amenities

monument sign

Building Details

Building Size 5,575 SF
Year Built 1982
Buildings 1
Stories 2
Listing Agency: Realty Executives Arizona Terr
Listed By: Steve Williams · License #SA528871000
Source: Sunhaven-realestate
Added: Jul 14 Changed: Aug 8 Last Checked: Aug 8 at 11:28AM

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 Realty Executives Arizona Terr

Investment Insights

Based on property information with market context.

This remodeled medical office property contains four leasable units arranged across two levels: 2,300 square feet and 1,500 square feet upstairs, with 1,100-square-foot and 700-square-foot suites downstairs. The building was constructed in 1982 and is zoned C-3. Prior medical-suite use supports continued consideration for medical office occupancy, subject to applicable requirements.

Recent improvements include a slate gray premium metal roof installed in May 2026, updated gray laminate hardwood flooring on the lower level, fresh interior and exterior paint, and newer LED light fixtures throughout. A monument sign at the front provides an on-site signage feature. The property is located at 404 W Main Street in Payson’s Historical Main Street district.

Key Highlights

  • Four suites ranging from 700 to 2,300 square feet
  • 2,300 SF and 1,500 SF units located upstairs
  • 1,100 SF and 700 SF units located downstairs

Property Analytics

Current Use

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

Suggested Use

Top Pick Parking Lot & Garage Hair Salon Grocery & Convenience Store (Bike/Boat/Book/etc) Store Garden Center Catering Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.93 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,067
Businesses Nearby
Balanced
Demand for This Use

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Similar Off Market Nearby

  • Main Animal Hospital, LLC 411 W Main St, Payson, AZ 85541
  • Pine Country Animal Clinic 401 W Main St A, Payson, AZ 85541

Frequently Asked Questions

What type of property is this?
Medical Office Space - C-3-zoned commercial property with multiple suites, updated interiors, and a prominent monument sign along Main Street.
Where is this medical office space located?
The property is located at 404 W Main Street Payson, AZ.
What is the lease rate?
The lease rate is $19.50 SF/Yr.
What are key features of this property?
This property features: Four suites ranging from 700 to 2,300 square feet; 2,300 SF and 1,500 SF units located upstairs; 1,100 SF and 700 SF units located downstairs
More about this property
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