1107 S. Beeline Hwy., Payson, AZ

Office for Sale - $800,000 - 5,696 Sq. Ft. on 0.75 acres


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Agent Info

NameKeith Stachar

Property Info

CIMLS #1059818
Location1107 S. Beeline Hwy.
Payson AZ 85541
Last UpdatedOctober 13th, 2019
TypeOffice
Price$800,000
Building5,696 Sq. Ft.
Land0.75 acres
DemographicsView sample

Contact


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?