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Investment Highlights

  • Historical Downtown District on Main St
  • Freshly painted exterior and interior.
  • Easy parking-38 spaces
  • Installed brand new upgrade standing seam metal roof
  • Recently Remodeled Medical Office building

Executive Summary

Payson Remodeled Downtown Commercial building* Zoned C-3* great for retail and medical offices* upstairs has a lot of medical offices* new metal roof installed May 2026- value at over $100,000* 5575 sq ft* 2 levels* over half acre lot* easy parking-38 spaces* newer beautiful grey laminate hardwood flooring downstairs* freshly painted exterior and interior* newer LED light fixtures throughout* large monument sign in front for great signage* built in 1982* lots of possibilities for this building* outstanding downtown location in the heart of the Historical Main Street district* right next to the fire station* beautiful building!

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Medical
Building Size
7,830 SF
Building Class
C
Year Built/Renovated
1982/2024
Price
$945,000
Price Per SF
$120.69
Cap Rate
7.25%
NOI
$68,513
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,915 SF
Building FAR
0.35
Lot Size
0.51 AC
Zoning
C-3
Parking
38 Spaces (6.52 Spaces per 1,000 SF Leased)

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl-Ste A
  • 1,100 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 1st Fl-Ste D
  • 700 SF
  • Office/Medical
  • Full Build-Out
  • Now
  • 2nd Fl-Ste C
  • 2,300 SF
  • Medical
  • Full Build-Out
  • Now

Remodeled Medical Office building located in the heart of the Historical Main Street district* brand new $100,000 slate gray premium metal roof installed in May 2026. 1) 2300 sq ft upstairs unit (19.5 sq ft/yr) $3,737 a month 2) 1500 sq ft upstairs unit (19.5 sq ft/yr) $2,437 a month 3) 1100 sq ft downstairs unit (19.5 sq ft/yr) $1,787 a month 4) 700 sq ft downstairs unit (19.5 sq ft/yr) $1,137 a month, beautiful upgraded gray laminate hardwood flooring downstairs* freshly painted exterior and interior* newer LED light fixtures throughout* monument sign in front for great signage* built in 1982* zoned C-3* had medical suites upstairs before* lots of possibilities for this building* outstanding location* great building!

  • 2nd Fl-Ste D
  • 1,730 SF
  • Office/Medical
  • Full Build-Out
  • Now
Space Size Space Use Build-Out Available
1st Fl-Ste A 1,100 SF Office/Medical Full Build-Out Now
1st Fl-Ste D 700 SF Office/Medical Full Build-Out Now
2nd Fl-Ste C 2,300 SF Medical Full Build-Out Now
2nd Fl-Ste D 1,730 SF Office/Medical Full Build-Out Now

1st Fl-Ste A

Size
1,100 SF
Space Use
Office/Medical
Build-Out
Full Build-Out
Available
Now

1st Fl-Ste D

Size
700 SF
Space Use
Office/Medical
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste C

Size
2,300 SF
Space Use
Medical
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste D

Size
1,730 SF
Space Use
Office/Medical
Build-Out
Full Build-Out
Available
Now

2nd Fl-Ste C

Size 2,300 SF
Space Use Medical
Build-Out Full Build-Out
Available Now

Remodeled Medical Office building located in the heart of the Historical Main Street district* brand new $100,000 slate gray premium metal roof installed in May 2026. 1) 2300 sq ft upstairs unit (19.5 sq ft/yr) $3,737 a month 2) 1500 sq ft upstairs unit (19.5 sq ft/yr) $2,437 a month 3) 1100 sq ft downstairs unit (19.5 sq ft/yr) $1,787 a month 4) 700 sq ft downstairs unit (19.5 sq ft/yr) $1,137 a month, beautiful upgraded gray laminate hardwood flooring downstairs* freshly painted exterior and interior* newer LED light fixtures throughout* monument sign in front for great signage* built in 1982* zoned C-3* had medical suites upstairs before* lots of possibilities for this building* outstanding location* great building!

Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
304-16-212B
Land Assessment
$16,386
Improvements Assessment
$94,266
Total Assessment
$110,652
  • Listing ID: 38071006

  • Date on Market: 10/14/2025

  • Last Updated:

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

Contact the Sale Advisor

404 W Main St

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