1389 Christopher Creek Loop Payson, AZ 85541
- Office buildings
- 1,141 SF
- 0.21 lot acres
Current Use by Public Records
- Laurie Johnson - Realty Executives Arizona Territory / Real Estate Agency
- Realty Executives Arizona Territory - Christopher Creek / Real Estate Agency
- Susan Keown - Realty Executives Arizona Territory / Real Estate Agency
Property Details for 1389 Christopher Creek Loop
- Year built
- 1973
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.21 lot acres
- Property size
- 1,141 SF
- Property type
- Office buildings
- APN
- 303-09-007D
- APU
- 30309007D
Description
This exceptional Payson, AZ commercial property, situated on a 0.2-acre lot at 1389 E Christopher Creek Loop Unit 1389, presents a unique investment opportunity. Originally established in 1990 and substantially reconstructed the same year, this building boasts a versatile layout ideal for a variety of businesses. The interior features a private office, a spacious open office/reception area (easily adaptable as a showroom or retail space), a dedicated conference room, a convenient kitchenette, and an attached storeroom. Adding to the comfort and functionality, the property includes a fireplace with a woodstove insert and an attractive Vermont Castings gas stove in the conference room. Significant upgrades were completed in 2017, including the installation of a new gas and electric HVAC unit and the replacement of the roof with 3-tab architectural grade shingles. The interior showcases professional built-in cabinets and countertops, complemented by a charming knotty pine finish and slump block construction. The property also includes two separate storage buildings, providing ample additional space. High-speed internet access is readily available through CenturyLink, further enhanced by the proximity of a cell tower ensuring excellent cellular and internet service. Furnishings are negotiable. This property offers a blend of established infrastructure and modern updates, making it a compelling option for discerning buyers.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $95,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $125,000
- 6.5%
- $120,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $125,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $100,000
- Retail
- $95,000
- Mixed-Use
- $95,000
- Hospitality
- $105,000
- Educational
- $95,000
- Residential Income
- $100,000
- Energy
- $125,000
- Income-Based Land
- $135,000
- Food Service
- $105,000
Location Insight
- Map
- Local Demand
- City
- Payson
- County
- Gila
- State
- Arizona
- Longitude
- -111.012
- Latitude
- 34.3197
- CBSA code
- 37740
- CBSA name
- PAYSON, AZ MICROPOLITAN STATISTICAL AREA