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Fargos Plaza - Payzon, AZ 630 E State Highway 260 3,100 SF 100% Leased Retail Building Payson, AZ 85541 $2,800,000 ($903.23/SF) 5.72% Cap Rate
Investment Highlights
- 100% occupied
- R3 Zoning - Additional Development
- Fargos Steakhouse Anchor
Executive Summary
Fargo's Plaza is a ±8,474 SF multi-building commercial campus at the Chaparral Pines gateway on State Route 260, where ADOT counts
roughly 18,200–18,700 vehicles per day. The campus is anchored by Fargo's Steakhouse — Rim Country's long-established destination
restaurant — and rounded out by four professionally leased office buildings. Eleven income streams, zero vacancy, and a ±1.47-acre
R3-MH development parcel that conveys with the sale.
roughly 18,200–18,700 vehicles per day. The campus is anchored by Fargo's Steakhouse — Rim Country's long-established destination
restaurant — and rounded out by four professionally leased office buildings. Eleven income streams, zero vacancy, and a ±1.47-acre
R3-MH development parcel that conveys with the sale.
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Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
3,100 SF
Building Class
B
Year Built
2001
Price
$2,800,000
Price Per SF
$903.23
Cap Rate
5.72%
NOI
$160,160
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
0.38 AC
Zoning
COM - R3-MH development parcel that conveys with the sale.
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 304-02-012X | Improvements Assessment | $94,791 |
| Land Assessment | $11,513 | Total Assessment | $106,304 |
Property Taxes
Parcel Number
304-02-012X
Land Assessment
$11,513
Improvements Assessment
$94,791
Total Assessment
$106,304
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Fargos Plaza - Payzon, AZ | 630 E State Highway 260
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