407 Main St, Payson, AZ 85541-5333
This exceptional 2,320 square foot retail property, located at 407 W Main Street in Payson, Arizona (APN 304-16-105), presents a unique investment opportunity. Built in 1971 and extensively renovated in 2024, this single-story building is zoned C-2 and offers a versatile space ideal for a bar, restaurant, or storefront operation. The property features eight convenient parking spaces directly in front, supplemented by ample town parking at the rear, ensuring easy access for customers and staff. The interior boasts attractive garage doors, creating a seamless flow between indoor and outdoor spaces, taking advantage of Payson's pleasant climate. Significant outdoor space is available on the sides and rear of the building, offering additional opportunities for seating, outdoor dining, or other business uses. The asking price is $450,000. This turnkey property is ready for immediate occupancy and represents a strong investment in a thriving Arizona community. The property's prime Main Street location and recent renovations make it an attractive option for a variety of businesses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.