1107 S. Beeline Hwy., Payson, AZ
Office for Sale - $800,000 - 5,696 Sq. Ft. on 0.75 acres
Property Info
| CIMLS# | 1059818 |
| Location 1107 S. Beeline Hwy. Payson AZ 85541 | |
| Updated | October 14th, 2019 |
| Type | Office |
| Price | $800,000 |
| Building | 5,696 Sq. Ft. |
| Land | 0.75 acres |
Property Description
For Sale by Owner!
5 Unit Professional Office Fully Rented Income Property
Located near the Southern entrance to Payson, AZ.
2 buildings on 3/4 ac. lot with Hwy 260 & Phoenix St. frontage.
Units #2.3.4.5 - 4,928 sq. ft. Built new in 2002.
Unit #1 - 768 Sq. Ft. Remodeled May 2018,
new windows, paint, flooring, New Bathroom, water heater.
Property is Owner Managed & Maintained.
Next door property to the north at Phoenix St. & Hwy 260 is currently under reconstruction for a 5000 sq. ft. Circle K convenience
store with 7 gas islands. Projected completion December 2019 .
Financials
From 2002 property 98% occupancy.
2019 Net Income $51,883.00 - Cap Rate 6.48% - $140 per sq. ft.
Possible Owner Carry Back Financing?