$425,000
434 S BEELINE Highway
Payson, AZ 85541
MLS# 5676411
Status: Closed



434 S BEELINE Highway, Payson, AZ 85541
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434 S BEELINE Highway, Payson, AZ 85541 434 S BEELINE Highway, Payson, AZ 85541 434 S BEELINE Highway, Payson, AZ 85541 434 S BEELINE Highway, Payson, AZ 85541

Property Description
Good investment property in the middle of Payson's business district. New roof as of June 2017. Six separate units (4 store front units and 2 warehouse units). All four store front units are leased with long-standing tenants; warehouses are currently used by owner. The warehouses each have a walk-through and 12'roll up doors. There is a conditional use permit for the warehouses. All units share a bathroom accessed from the outside. Property is part of a business center with large, shared parking lot. Great location with great potential for income. Call listing agent for further details.

Details
Maps
Contract Info
Current Price: $425,000
Sold Price: $425,000
Status: Closed
List Date: 2017-10-19
Ownership: Leasehold
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C71
House Number: 434
Compass: S
Street Name: BEELINE
St Suffix: Highway
City/Town Code: Payson
State/Province: AZ
Zip Code: 85541
Zip4: 4989
Country: USA
County Code: Gila
Legal Description (Abbrev): LOTS 13, 14 & 15, TONTO PLAZA, PLAT 191, ALG WITH 3/24 INTEREST I N THE EXCEPTION IN TONTO PLAZA PLA
Subdivision: TONTO PLAZA
Assessor's Map #: 3
Assessor's Parcel #: 174
Assessor Parcel Ltr: B
Add'l Parcels: No
Assessor Number: 304-03-174-B
Census Tract: 700
Legal: Long Legal to be provided in escrow
Tax Municipality: Payson
Taxes: 5745
Tax Year: 2016
General Property Description
Type of Property: Small strip mall
Ttl Apx SqFt Bldg: 6300
# of Buildings: 1
Lot Size Dimensions: 90x70
Year Built: 2002
Uncvrd Parking Spcs: 10
Zoning: C2
Remarks & Misc
Cross Street: Highway 87 and Bonita
Directions: Property is on the west side of Highway 87, and sits back from the highway. Located between Bonita and Wade streets. The warehouse units are on the west side of property and front Ash Street.
Geo Lat: 34.235123
Geo Lon: -111.324017
Status Change Info
Status Change Date: 2019-04-30
Off Market Date: 2019-04-20
Under Contract Date: 2019-04-02
Close of Escrow Date: 2019-04-29
Sold Price: $425,000
Legal Info
Township: 10N
Range: 10E
Section: 03
Lot Number: 13, 14, 15
Bay Info
# of Bays: 2
Bay Door Height: 12
Income & Expenses
Owner Association: No
Operating Exp: 5745
Vacancy Allowance: 0.3
Net Operating Income: 30
Pmt & Rate Info
Down Payment: 187700
Cap Rate: 0.01
Equity: 569000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: %
Seller Concession $/%: %
Property Features
Building Type: Commercial
Current Use: Mixed Use; Warehouse; Retail
Stories: 1 Story
Construction: Block; Metal
Roofing: Metal
Floors: Concrete; Vinyl
Ceiling Height: 12.1 Feet to 14 Feet
Heating: Warehouse Heated; Other; See Remarks
Cooling: None
Loading Facilities: None
Interior: Finished; Other (See Remarks)
Fencing: None
Parking: Free; Public Parking; Paved Parking
Electric: APS; Individual Meter
Gas: Propane Piped
Water: City Franchise
Sewer: Sewer - Public; Sewer-In & Connected
Freeway/Highway: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt; Sidewalk(s)
Reports/Disclosures: None
Environmental: None

Listing Office: Coldwell Banker Bishop Realty

Last Updated: August - 06 - 2021

434 S BEELINE Highway, Payson, AZ 85541 - MLS# 5676411
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