408 S BEELINE Highway, A & B, Payson, AZ 85541

New Listing

$495,000

Property Type: Comm/Industry Sale Square Footage: 2,264 Lot Size (sq. ft.): 4,198 Status: Active

Current Price: $495,000 List Date: 4/19/2025 Last Modified: 4/19/2025

Description

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.

More Information MLS# 6854185

Contract Info

Current Price: $495,000 List Price: $495,000 Status: Active List Date: 2025-04-18 Ownership: Fee Simple

Location Tax Legal

House Number: 408 Compass: S Street Name: BEELINE St Suffix: Highway City/Town Code: Payson State/Province: AZ Zip Code: 85541 Zip4: 4891 Country: US County Code: Gila Subdivision: TONTO PLAZA Assessor Number: 304-03-163-B Tax Year: 2024

General Property Description

Type of Property: COMMERCIAL DUPLEX Ttl Apx SqFt Bldg: 2264 Ttl Apx Net Rnt Spc: 2264 # of Buildings: 1 Year Built: 1996 Uncvrd Parking Spcs: 5 Zoning: COMMERCIAL Flood Zone: No

Remarks Misc

Cross Street: BEELINE (87) AND HWY 260. SOUTH ON BEELINE JUST Directions: SOUTH OF BONITA PAST THE CAR WASH AND TURN RIGHT INTO TONTO PLAZA. DRIVE-BY ONLY DO NOT DISTURB TENANTS OR ENTER PROPERTY. Geo Lat: 34.23595 Geo Lon: -111.32365

Status Change Info

Status Change Date: 2025-04-18

Legal Info

Township: 10N Range: 10E Section: 03 Lot Number: 03

Income Expenses

Gross Annual Sch Inc: 35384.88 Net Operating Income: 25299.96

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 602-390-8088

Property Features

Building Type: Commercial Business Type: Service Business; Other; See Remarks Stories: 1 Story Construction: Stucco; Frame - Wood Roofing: Tile Floors: Vinyl; Ceramic Tile Ceiling Height: 8.1 Feet to 10 Feet Heating: Heat Pump Cooling: Heat Pump Loading Facilities: None Interior: Finished; Private Restrooms Fencing: None Parking Features: Paved Electric: APS; Individual Meter Gas: None Water Source: City Franchise; Master Meter Sewer: Sewer-In & Connected New Financing: Cash Only; 1031 Exchange Lockbox Type: See Private Remarks; None Source of Fincl Data: Owner Environmental: None

Listing Office: West USA Realty

Last Updated: April - 19 - 2025

408 S BEELINE Highway, A & B, Payson, AZ 85541 (MLS# 6854185)