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102 E Main St 2,262 SF Retail Building Payson, AZ 85541 $937,000 ($414.24/SF) 4.40% Cap Rate
INVESTMENT HIGHLIGHTS
- High Profile, Primary Corner in Payson
- Log Construction on .5 acre lot
- Fitting for the mountain town feel.
EXECUTIVE SUMMARY
Location: Situated on the most highly visible corner of State Route 87 and Main Street, this property enjoys high visibility and high volume street traffic, ensuring maximum exposure. Become a cornerstone of downtown Payson. With 2200 sq. ft. of versatile space, the possibilities are endless. Great location for a boutique, a café, or a professional office. The layout is useable for a wide range of business concepts, allowing you to customize the space to perfectly fit your needs. The log construction accents Payson's ''Cool Mountain Town'' atmosphere. The building is modular and is possble to be relocated to enhance the flexibility of this premium property. Payson's thriving economy and steady population growth make it an attractive destination for investors. Whether you're looking to expand your portfolio or embark on a new venture, 102 E. Main St. offers a promising return on investment. Take advantage of the area's economic momentum and position yourself for long-term success.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
2,262 SF
Building Class
C
Year Built
2005
Price
$937,000
Price Per SF
$414.24
Cap Rate
4.40%
NOI
$41,228
Tenancy
Single
Building Height
2 Stories
Building FAR
0.09
Lot Size
0.55 AC
Zoning
C-2 - Commercial - Retail - Office applications
Parking
23 Spaces (10.17 Spaces per 1,000 SF Leased)
Frontage
290’ on Main Street
AMENITIES
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Tenant Controlled HVAC
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 304-16-307B | Improvements Assessment | $510,860 |
| Land Assessment | $81,331 | Total Assessment | $592,191 |
PROPERTY TAXES
Parcel Number
304-16-307B
Land Assessment
$81,331
Improvements Assessment
$510,860
Total Assessment
$592,191
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102 E Main St
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