Entity Owned Property summary
This exceptional 4.96-acre development site in Payson, Arizona, presents a lucrative opportunity for hospitality investors. Located at 110 W Aero Dr, Payson, AZ 85541 (APN 304-16-301), this property offers the chance to construct a new Hilton-branded Home2 Suites hotel. The site boasts a strategic location off Highway 87, providing convenient access for travelers. Payson, known as the "Heart of Arizona," is situated amidst the expansive Tonto National Forest and is home to the renowned "World's Oldest Continuous Rodeo," ensuring a robust tourism base. The property's 98-key potential and limited competition within the area promise significant returns. This development opportunity is ideal for experienced hospitality developers seeking to capitalize on the growing demand for high-quality hotel accommodations in this desirable location. The asking price for this exceptional development site is $2,750,000. The land value per square foot is not currently assessed. This is a unique chance to build a flagship hotel in a thriving Arizona market. Don't miss this chance to invest in a promising future.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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