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408 W Main St 8,016 SF 90% Leased Retail Building Payson, AZ 85541 $1,734,762 CAD ($216.41 CAD/SF) 5.50% Cap Rate
Executive Summary
Prime commercial investment opportunity on Main Street in the heart of Payson, AZ. This well-maintained multi-suite commercial building offers excellent visibility, easy access, and strong income potential. The property features 11 suites with a few tenants occupying several units. There are numerous upgrades completed throughout, making it attractive for both tenants and investors alike. Major capital improvements include a newer roof installed in 2022 with 30-year shingles and an existing roof warranty, along with new heating and air conditioning units installed in 2022. The exterior was repainted approximately two years ago, providing a clean, updated curb appeal. Adding to the income potential are seven on-site storage containers, ideal for tenant use or to lease separately for additional revenue. Parking is convenient and well thought out, with parking available directly in front of the lower units as well as additional parking in the rear for the upstairs suites, allowing customers and tenants easy access without the need to walk up stairs. Located on one of Payson's main thoroughfares, this property is perfectly suited for professional offices, retail, service-based businesses, or mixed commercial use. A solid investment with recent updates, flexible suite configuration, and added income opportunities—this Main Street property is a standout opportunity in a growing market. Owner is a license realtor in the State of Arizona.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,016 SF
Building Class
C
Year Built/Renovated
1975/1982
Price
$1,734,762 CAD
Price Per SF
$216.41 CAD
Cap Rate
5.50%
NOI
$95,412 CAD
Percent Leased
90%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.66 AC
Zoning
C-2 - Commercial C-2
Parking
32 Spaces (3.99 Spaces per 1,000 SF Leased)
Frontage
93’ on W. Main St.
Amenities
- Signage
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 304-16-213C | Improvements Assessment | $211,068 CAD |
| Land Assessment | $25,381 CAD | Total Assessment | $236,449 CAD |
Property Taxes
Parcel Number
304-16-213C
Land Assessment
$25,381 CAD
Improvements Assessment
$211,068 CAD
Total Assessment
$236,449 CAD
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Realty Executives Arizona Territory
408 W Main St
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