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215 N Beeline Hwy 5,150 SF 100% Leased Office Building Payson, AZ 85541 $1,050,000 ($203.88/SF)



Executive Summary
Exceptional C-2 commercial opportunity with outstanding highway frontage and visibility. This 5,150 ± SF freestanding building on a half-acre parcel is ideally suited for professional office, retail or service-oriented businesses seeking strong exposure and convenient access, it could also be a special event space. Located next door to a new hotel currently under construction, the property stands to benefit from increased traffic and economic activity. The property is within walking distance to nearby restaurants and services, benefiting both customers and employees. The ground floor is ADA compliant, and the flexible floor plan allows for a variety of potential uses (subject to zoning). With 48 on-site parking spaces, the site easily accommodates staff, clients, and event traffic. The current set up downstairs has a reception area, 2 conference rooms, 2 offices and a large event room with 2 restrooms and a kitchen/breakroom plus storage room. Upstairs has a separate entrance from outside with a reception area, conference room, 4 offices, one restroom and a storage room. Major capital improvements have already been completed, including a new roof (2021) and new engineered siding (2023), reducing near-term capital expense.
Offered well below replacement cost.
Offered well below replacement cost.
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Building Size
5,150 SF
Year Built
1984
Price
$1,050,000
Price Per SF
$203.88
Percent Leased
100%
Building Height
2 Stories
Typical Floor Size
2,575 SF
Building FAR
0.21
Lot Size
0.55 AC
Zoning
C-2
Parking
48 Spaces (9.32 Spaces per 1,000 SF Leased)
Amenities
- Storage Space
- Air Conditioning
- Smoke Detector
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Property Taxes
| Parcel Number | 304-02-014E | Improvements Assessment | $97,241 |
| Land Assessment | $14,151 | Total Assessment | $111,392 |
Property Taxes
Parcel Number
304-02-014E
Land Assessment
$14,151
Improvements Assessment
$97,241
Total Assessment
$111,392
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215 N Beeline Hwy
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