SR 87 - Rumsey Road 13.04 Acres of Commercial Land Offered at $1,108,349 in Payson, AZ 85541

In 2013, the Site was rezoned to PAD, Planned Area Development District, Town of Payson, which allows for development of single story homes and/or townhouses and/or apartments. There are still plans to build a 3,000 to 6,000 student campus in Payson on 300 acres of Forest Service land just off Hwy 260 opposite Gila Community College (see page 4 for more information). Payson’s natural beauty, small town character and proximity to Phoenix have all contributed to its continuing attraction as a retirement and seasonal community. Since 2000, with the exception of 2006 (when 277 units were added), the number of housing units has increased an average of about 200 units annually. To assure a healthy balanced housing market, the Town of Payson undertook a housing study to serve as the basis for development of a housing strategy. This study is available to the public. The neighborhood in which the property is situated includes a mix of single and multi-family residential, retail and office uses. The site would make an excellent location for apartments The property is situated just west of State Hwy 87, immediately adjacent to the northern and western property lines of an existing Wal-Mart store, on the east side of the Forest Hills Condominiums In close proximity to schools Easy access from SR-87