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    Property profile & analytics
    FOR SALE
    Retail space

    404 W Main St, Payson, AZ 85541

    4,140 SF 0.52 ac lot Built 1982
    Individually Owned 24-yr Hold Free & Clear
    Property ID
    US07-0392703
    Property summary
    AI-generated overview

    This exceptional 5670-square-foot medical office building, situated on a half-acre lot in Payson's historic Main Street district, presents a unique investment opportunity. Recently remodeled, the building boasts a fresh interior and exterior, including new paint and a metal roof installed in 2008. The interior features beautiful grey laminate hardwood flooring and numerous upgrades throughout. The two-level structure offers ample space, currently configured as medical offices upstairs. The property's C-3 zoning allows for a variety of potential uses, making it highly versatile. Convenient parking is readily available with 38 spaces on-site. A prominent monument sign at the front of the building enhances visibility and adds to its appeal. Constructed in 1982, this well-maintained property offers an outstanding location and significant potential for future growth. The expansive lot size and existing infrastructure provide a solid foundation for a thriving business. This is a rare opportunity to acquire a substantial commercial property in a desirable location. The building's current configuration as medical offices, combined with its versatile zoning, makes it an attractive option for both established businesses and new ventures.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1982
    Construction METAL FRAME
    Total area 4,140 SF
    Lot 0.52 ac (22,651 SF)
    APN 304-16-212B
    UPID US07-0392703
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Painted Sky Engineering & Survey, LLC Civil Engineer
    • Heartcare Specialists Center Medical Clinic
    • Turner Gail B MD Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Beverly Nethken · 24 yrs held
    Beverly Nethken
    since 2002
    2 recorded transactions
    2002
    $360,000
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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