225 South 400 East, Payson, UT 84651
This remarkable 1.77-acre property located at 225 South 400 East, Payson, UT 84651, presents a unique investment opportunity. Built in 1930 and zoned R-1-9, this expansive site offers significant potential for a variety of uses. The property boasts a substantial 77,101 square foot building featuring a large communal area perfect for meetings, events, or recreational activities. Its functional design includes numerous offices and classrooms, making it well-suited for educational or administrative purposes. A convenient kitchen facility is also available, ideal for catering and food preparation. The property's significant advantage lies in its extensive parking, with 125 stalls available to accommodate large gatherings or events. This combination of historical charm and modern functionality, coupled with the ample space provided by the 1.77-acre lot, makes this property a rare find in the Payson, Utah market. The asking price is $1,195,000. This property is ready for its next chapter, whether it be continued use as a community space or redevelopment into a new venture. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
No recorded transactions found for this property.
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.