113 W Cedar Lane, Payson, AZ 85541 (MLS# 94406)
$1,600,000
Payson, AZ 85541
MLS# 94406
7185 sqft
1 / 2
Property Description
A great opportunity for a commercial property, ''City Storage,'' strategically located at the high-traffic intersection of 104 W Phoenix St and 113 W Cedar Ln, encompassing a substantial 1.43 acres. This well-established storage facility demonstrates strong market demand with an impressive occupancy rate, showcasing the potential for further growth and profitability. Seller financing is available to facilitate acquisition. Currently, City Storage offers over 40 climate-controlled units across both buildings, designed with expansion in mind. The infrastructure is primed for significant development, allowing for an increase in capacity to meet the rising demand. Adjoining parcels are classified as C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar Ln, 0.50 Ac. Moreover, the property includes a garage building with an 18-month remaining lease, providing an extra 30 units. The Cedar property offers additional development opportunities or space for 20 RV parking spots, while the Phoenix property currently has 36 spaces and is 66% occupied. Both properties come with the added benefit of two separate apartments, strategically located in each building, offering additional rental income or living accommodations for management. These adjoining parcels are zoned C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar, 0.50 Ac.), providing versatile opportunities for commercial expansion and investment. Don't miss out on this remarkable chance to own a thriving storage business with remarkable growth potential!
Details
Status Change Info
Sold Price/SqFt: 0
Status: Active
Contract Information
List Price/SqFt: 400
Foreclosure: No
Sale/Lease: -
Property Sub-Type: Business & Real Estate
List Price: $1,600,000
Current Price: $1,600,000
List Date: 2026-07-27
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: C-2
Taxes: 5399.58
Tax Year: 2025
Assessor's Book #: 304
Assessor's Map #: 17
Assessor's Parcel #: 119B
APN #: 304-17-119B
HOA: No
Legal Description: Section: 09 Township: 10N Range: 10E West 150.0' Of Tract 30 , Pine Ridge Addition Replatted , Plat 80Se1/4 Ne1/4 Sec 9 T10n R10e = 0.50 Ac
Street #: 113
Direction: W
Street Name: Cedar
Suffix: Lane
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Pine Ridge Add - PSW
County: Gila
Location
Highway Front: 1
General Property Description
Acres: 1.43
Lot Dimensions: 149.64x144.09x149.64x144.28
# Parking Spaces: 33
Apx SqFt: 4000
Land Size: 21780
Building Size: 7185
# of Tenants: 15 - 24
Vacancy %: 30
Year Built: 1975
Remarks & Misc
Directions: North on Highway 87, West on Cedar Lane, building on the South side of the road.
Public Remarks: A great opportunity for a commercial property, ''City Storage,'' strategically located at the high-traffic intersection of 104 W Phoenix St and 113 W Cedar Ln, encompassing a substantial 1.43 acres. This well-established storage facility demonstrates strong market demand with an impressive occupancy rate, showcasing the potential for further growth and profitability. Seller financing is available to facilitate acquisition. Currently, City Storage offers over 40 climate-controlled units across both buildings, designed with expansion in mind. The infrastructure is primed for significant development, allowing for an increase in capacity to meet the rising demand. Adjoining parcels are classified as C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar Ln, 0.50 Ac.
Moreover, the property includes a garage building with an 18-month remaining lease, providing an extra 30 units. The Cedar property offers additional development opportunities or space for 20 RV parking spots, while the Phoenix property currently has 36 spaces and is 66% occupied.
Both properties come with the added benefit of two separate apartments, strategically located in each building, offering additional rental income or living accommodations for management.
These adjoining parcels are zoned C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar, 0.50 Ac.), providing versatile opportunities for commercial expansion and investment.
Don't miss out on this remarkable chance to own a thriving storage business with remarkable growth potential!
Currently Not Used
Total Rooms: 10
To Show
Showing Service Name: Other
Income/Sales Info
Net Operating Income: 11,000 - 15,999
Cap Rate: 8 - 8.9%
Down Payment: Submit
Gross Sales: 20000
Improvements: 51,000 - 99,999
Loan Info
Screened Porch: No
Accelerate: No
Must Qualify: Yes
Cash to Assume: 0
Ttl Pmt after Assmpt: 400000
Construction
Block: 1
Interior Features
Smoke Detectors: 1
Security System: 1
Fire Sprinkler System: 1
Shop: 1
Display Window: 1
Fencing
Chain Link: 1
Other: security cameras
Lot/Street Improvem.
Curbs: 1
Sidewalks: 1
Paved Parking: 1
Street Parking: 1
Type/Style
Single Level: 1
Garage/Carport
RV Access/Parking: 1
Exterior Features
Private Yard: 1
Storage: 1
Roof
Asphalt Shingle: 1
Metal: 1
Utilities Available
Electricity: 1
Town of Payson Water: 1
Underground Util: 1
Heating
Propane: 1
Other Structures
Storage: 1
Possession
Close Of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
Assumption: 1
FHA: 1
VA: 1
1031 Exchange: 1
Balloon: 1
Cooling
Central Air: 1
Documents on File
Current Profit/Loss: 1
Balance Sheet: 1
Owner Oper Statement: 1
Accounts Receivable: 1
Exist. Finance Fees
N/A - Other: 1
Management
Owner/Family: 1
Form of Ownership
Sole Proprietor: 1
Sale Price Includes
Business: 1
Building: 1
Land: 1
Fixtures: 1
Equipment: 1
Inventory: 1
Avg Room Rent/Night
200 +: 1
Occupancy
Partially Leased: 1
Property Features
Location: Highway Front
Construction: Block
Roof: Asphalt Shingle; Metal
Fencing: Chain Link
Other Structures: Storage
Exterior Features: Private Yard; Storage
Interior Features: Smoke Detectors; Security System; Fire Sprinkler System; Shop; Display Window
Cooling: Central Air
Heating: Propane
Utilities Available: Electricity; Town of Payson Water; Underground Util
Possession: Close Of Escrow
Documents on File: Current Profit/Loss; Balance Sheet; Owner Oper Statement; Accounts Receivable
Management: Owner/Family
Form of Ownership: Sole Proprietor
Sale Price Includes: Business; Building; Land; Fixtures; Equipment; Inventory
Occupancy: Partially Leased
IDX
Listing Office: AM/PM Realty Group LLC
Last Updated: July - 28 - 2026
All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.