404 W Main St - Medical Office Building 5,670 SF Health Care Building Offered at $950,000 at a 10.26% Cap Rate in Payson, AZ 85541

INVESTMENT HIGHLIGHTS

  • Location excellent- Historical district
  • Plenty of parking and 17 office/medical suites upstairs
  • Remodeled- new interior exterior paint- new lighting and ceiling fixtures.

EXECUTIVE SUMMARY

Recently remodeled medical office building* located in the Historical main Street* 5670 sq ft* 2 levels* over an acre lot* easy parking- 38 spaces* freshly painted exterior and interior* beautiful grey laminate flooring downstairs* metal roof installed 2008* lots of interior upgrades* monument sign in front included with building* built in 1982* zoned C-3* 17 medical offices upstairs* 4 AC units 2001 & 2002* serviced regularly* fantastic location* great building!

PROPERTY FACTS

Price $950,000
Price Per Bed $55,882
Sale Type Investment or Owner User
Cap Rate 10.26%
Sale Condition 1031 Exchange
Property Type Health Care
Property Subtype
Rehabilitation Center
  • Healthcare Assisted Living
Lot Size 0.51 AC
Building Size 5,670 SF
No. Beds 17
No. Stories 2
Year Built/Renovated 1982/2024
Parking Ratio 17.64/1,000 SF
Zoning C-3 - Commercial

AMENITIES

  • Smoke Detector

ROOM MIX INFORMATION

DESCRIPTION NO. BEDS
Office Medical 0

PROPERTY TAXES

  • Listing ID: 34212512

  • Date on Market: 12/16/2024

  • Last Updated:

  • Address: 404 W Main St, Payson, AZ 85541