413 E Granite Dells Rd, Payson, AZ 85541
For Sale
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This exceptional 3.61-acre property in Payson, Arizona, presents a unique investment opportunity. Located at 413 & 509 E Granite Dells Rd, this C-2 zoned land offers significant potential for commercial development. Its prime location is adjacent to the Safeway-anchored Ponderosa Village shopping center at the intersection of Highway 260 and Granite Dells Road. The current zoning allows for a variety of commercial uses, including retail and drive-thru establishments, making it ideal for a range of business ventures. The property boasts direct frontage on Granite Dells Road, further enhanced by a planned roadway widening project by the Town of Payson. Currently improved with a single-family residence and a duplex, generating a stable monthly rental income of $3,400 from three 100% leased units on month-to-month terms. All utilities are in place, including power (APS), a domestic well for water, septic systems for sewer, and CenturyLink telephone service. The property's APN is 304-02-005L & 304-02-005Q. This is a rare chance to acquire a versatile commercial parcel with existing income in a thriving Arizona community. The asking price is $2,500,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.