607 Main St Payson, AZ 85541-4717
This exceptional 1.18-acre property at 607 W Main Street, Unit 607, Payson, AZ, presents a unique investment opportunity. Originally constructed in 1932 as a bar and hotel, this historic building offers immense potential for a variety of uses. The property is listed at $1,290,000 and boasts a rich history, ready for a discerning buyer to revitalize. While some remodeling has already been completed, including a fully renovated kitchen and bathrooms, the property requires additional work to fully realize its potential. The existing infrastructure includes a spacious dining room ideal for private events or casual dining, along with both indoor and outdoor bar areas and a dance floor. Upstairs space provides additional area suitable for private parties or as residential quarters for an owner or on-site manager. The building's substantial size and prime location in Payson, AZ, make it an attractive prospect for entrepreneurs seeking a unique business venture. This is a rare chance to acquire a piece of Payson's history and transform it into a thriving establishment. The property's significant acreage and existing features offer a solid foundation for a successful business. Serious inquiries are encouraged to explore this exciting opportunity.
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The Oxbow Saloon Bar & Pub Restaurant
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.