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408 S Beeline Hwy
Payson, AZ 85541
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Leased Commercial Duplex in Bustling Tonto Plaza
- Long Term Stable Tenants
- Great Building and Pole Signage along Beeline Hwy
- Easy to Manage
EXECUTIVE SUMMARY
Fully leased commercial duplex. Exceptional building in the heart of Payson's Tonto Plaza. Large common area parking plus 5 dedicated spaces on north side of building. Entrances from front and back. Pole signage along Beeline Hwy for complex tenants plus building signage on north and south sides of building over entrances. Insurance agency has been in place for years and Versatile Ink owner took over the space from his retiring boss. Both businesses have been in these locations for years. Property is clean, well maintained and if self-managed has a cap rate of 5.11%. DRIVE-BY ONLY DO NOT DISTURB TENANTS / CUSTOMERS OR ENTER PROPERTY. INTERIOR INSPECTIONS WITH ACCEPTED OFFER.
PROPERTY FACTS Under Contract
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,264 SF
Building Class
B
Year Built
1996
Price
$495,000
Price Per SF
$218.64
Cap Rate
5.11%
NOI
$25,300
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.52
Lot Size
0.10 AC
Parking
5 Spaces (2.21 Spaces per 1,000 SF Leased)
Frontage
100’ on BEELINE HWY
AMENITIES
- Freeway Visibility
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 304-03-163B | Improvements Assessment | $402,498 |
| Land Assessment | $35,750 | Total Assessment | $438,248 |
PROPERTY TAXES
Parcel Number
304-03-163B
Land Assessment
$35,750
Improvements Assessment
$402,498
Total Assessment
$438,248
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