408 W Main Street, Payson, AZ 85541 (MLS# 93245)
$925,000
Payson, AZ 85541
MLS# 93245
Status: Closed
5760 sqft

1 / 42
Property Description
Prime commercial investment opportunity on Main Street in the heart of Payson, AZ. This well-maintained multi-suite commercial building offers excellent visibility, easy access, and strong income potential. The property features 11 suites with a few tenants occupying several units. There are numerous upgrades completed throughout, making it attractive for both tenants and investors alike. Major capital improvements include a newer roof installed in 2022 with 30-year shingles and an existing roof warranty, along with new heating and air conditioning units installed in 2022. The exterior was repainted approximately two years ago, providing a clean, updated curb appeal. Adding to the income potential are seven on-site storage containers, ideal for tenant use or to lease separately for additional revenue. Parking is convenient and well thought out, with parking available directly in front of the lower units as well as additional parking in the rear for the upstairs suites, allowing customers and tenants easy access without the need to walk up stairs. Located on one of Payson's main thoroughfares, this property is perfectly suited for professional offices, retail, service-based businesses, or mixed commercial use. A solid investment with recent updates, flexible suite configuration, and added income opportunities—this Main Street property is a standout opportunity in a growing market. Owner is a license realtor in the State of Arizona.
Details
Status Change Info
Status: Closed
Pending Date: 2026-03-20
Sold Date: 2026-04-30
Sold Price: $925,000
Sold Price/SqFt: 160.59
Sold Type: Sold Co-Broke By MLS Member
Contract Information
Property Sub-Type: Real Estate Only
Sold Price: $925,000
Current Price: $925,000
List Price/SqFt: 217.01
List Date: 2025-12-30
List Type: Exclusive ARS
Foreclosure: No
Sale/Lease: Sale
Location, Tax & Legal
Street #: 408
Direction: W
Street Name: Main
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Hathaway Sub
County: Gila
General Property Description
Acres: 0.66
Lot Dimensions: 200 x 144
# Parking Spaces: 21
Apx SqFt: 5760
Year Built: 1975
Land Size: 28750
Building Size: 5760
# of Tenants: 5 - 9
Vacancy %: 23
Currently Not Used
Total Rooms: 3
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Type of Loan: N/A
Lender: N/A
Loan #: N/A
Exterior Features
N/A - Other: See Remarks
Sale Price Includes
N/A - Other: Call Listing Office
Property Features
Location: Shopping Mall/Ctr; Downtown; Freestanding
View: Mountain(s); Town
Construction: Block; Brick
Roof: Asphalt Shingle
Fencing: None
Other Structures: Storage
Interior Features: Dual Pane Windows; Smoke Detectors; Refrigerator; Range
Floor Type: Wood; Slab
Floor Covering: Laminate; Concrete
Cooling: Electric; Ceiling Fan(s)
Heating: Electric
Utilities Available: Electricity; Town of Payson Water; Payson Water Company; Sewer Hooked In; Phone Available; Cable Available; Internet Hook Up; Trash
Possession: Close Of Escrow
Tenant Pays: Cable TV; Janitorial Service
Documents on File: SPDS
Management: Management Company
Form of Ownership: Sole Proprietor
Sale Price Includes: Building; Land; Fixtures; Inventory; Personal Property; Contracts
Occupancy: Partially Leased
IDX
Listing Office: REALTY EXECUTIVES ARIZONA TERR
Last Updated: May - 01 - 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.
