505 W MAIN Street, Payson, AZ 85541 (MLS# 88100)
$1,100,000
Payson, AZ 85541
MLS# 88100
Status: Closed
3702 sqft
1 / 70
Details
Contract Information
List Price/SqFt: 324.14
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Business & Real Estate
Sold Price: $1,100,000
Current Price: $1,100,000
List Date: 2023-03-14
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: C-3
Taxes: 3474
Tax Year: 2021
Assessor's Book #: 304
Assessor's Map #: 06
Assessor's Parcel #: 245
Assessor's Parcl Ltr: E
APN #: 304-06-245E
HOA: No
Legal Description: CITY/MUNI/TWP:PAYSON SUBD:PAYSON TOWNSITE/PAYSON HEIGHTS SEC/TWN/RNG/MER:SEC 09 TWN 10N RNG 10E SECTION: 09 TOWNSHIP: 10N RANGE: 10E PARCEL ''A1'', ROS 3129 NE1/4 NW1/4 SEC 9 T10N R10E = 0.81 AC (OUT OF 304-06-245B) MAP REF:PM 304-06
Street #: 505
Direction: W
Street Name: MAIN
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Payson Heights
County: Gila
Location
Corner: 1
Rural: 1
General Property Description
Acres: 0.81
Lot Dimensions: 249.86x152.95x267.73
# Parking Spaces: 12
Land Size: 0.81
Building Size: 3702
# of Tenants: 10 - 14
Vacancy %: 50
Apx SqFt: 3702
Year Built: 2018
Remarks & Misc
Directions: Hwy 87 (Beeline Hwy) turn West on Main Street sign on the property on the south side of the road.
Status Change Info
Seller Concess to Buyer: 0
Sold Price/SqFt: 297.13
Sold Type: Sold Non MLS Member
Status: Closed
Pending Date: 2023-08-29
Sold Date: 2023-10-06
Sold Price: $1,100,000
Currently Not Used
Public Remarks: Welcome to the historic Pieper Mansion, a true gem of Payson's rich history. Originally built in approximately 1893, this iconic location served as the center of town and was home to the famous Rodeos held right in the middle of Main Street. Recently refurbished by the Wolf Family, the Pieper Mansion and Cabins have been lovingly restored to their former glory, preserving as much of the original character and charm as possible.
Inside, the home is a perfect blend of old-world charm and modern convenience, with all the amenities you need for comfortable living. Beautifully restored woodwork, and elegant finishes make this property a true standout.
Total Rooms: 10
Income/Sales Info
Net Operating Income: 51,000 - 99,999
Cap Rate: 1 - 4.9%
Down Payment: 0 - 5,999
Gross Sales: 100000
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Wood Frame: 1
Interior Features
Dual Pane Windows: 1
Smoke Detectors: 1
Security System: 1
Reverse Osmosis: 1
Floor Covering
Tile: 1
Wood: 1
Property Features
Partially Fenced: 1
Lot/Street Improvem.
Sidewalks: 1
Blacktop Street: 1
Type/Style
Single Level: 1
Siding
Wood: 1
Exterior Features
Landscaping: 1
View of Mountains: 1
Storage/Utility Shed: 1
Roof
Metal: 1
Utilities Available
Electricity: 1
Propane Piped: 1
Town of Payson Water: 1
Sewer Hooked In: 1
Telephone: 1
Cable TV/Satellite: 1
Internet Hook Up: 1
Trash: 1
Underground Util: 1
Heating
Forced Air: 1
Fireplace/Woodstove: 1
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
OWC/OMC: 1
1031 Exchange: 1
Submit: 1
Floor Type
Wood: 1
Cooling
Electric Refrig.: 1
Documents on File
SPDS: 1
Plat Map: 1
Current Profit/Loss: 1
Fireplace/Woodstove
Pellet Stove: 1
Tenant Pays
None: 1
Exist. Finance Fees
Free & Clear: 1
Management
Owner/Family: 1
Form of Ownership
Partnership: 1
Sale Price Includes
Business: 1
Building: 1
Land: 1
Avg Room Rent/Night
101 - 150: 1
Occupancy
Owner Occupied: 1
Property Features
Location: Corner; Rural
Construction: Wood Frame
Siding: Wood
Roof: Metal
Property Features: Partially Fenced
Exterior Features: Landscaping; View of Mountains; Storage/Utility Shed
Interior Features: Dual Pane Windows; Smoke Detectors; Security System; Reverse Osmosis
Floor Type: Wood
Floor Covering: Wood; Tile
Cooling: Electric Refrig.
Heating: Forced Air; Fireplace/Woodstove
Utilities Available: Electricity; Propane Piped; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash; Underground Util
Possession: At Close of Escrow
Tenant Pays: None
Documents on File: SPDS; Plat Map; Current Profit/Loss
Management: Owner/Family
Form of Ownership: Partnership
Sale Price Includes: Business; Building; Land
Occupancy: Owner Occupied
Supplements
The property features several cabins, perfect for guests or vacation rental, and the spacious outdoor areas are perfect for entertaining or simply relaxing and enjoying the beautiful Arizona weather.
Located in the heart of Payson, this historic property is just steps away from all the shopping, dining, and entertainment options the town has to offer. Don't miss your chance to own a piece of Payson history.
Currently managed as the popular Payson Main Street Cabins on Air B&B, this property presents a unique opportunity for the new owners to continue running a successful vacation rental business or to expand and diversify their investment portfolio. With the owners residing in the Main House, there's plenty of space to add more cabins, transform the property into a venue, or use it as a business location. The possibilities are endless, making this a perfect opportunity for entrepreneurs looking to capitalize on the growing tourism industry in Payson. Don't miss out on this incredible investment opportunity - schedule your private tour today!
IDX
Listing Office: Delex Realty, LLC
Last Updated: October - 20 - 2024
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.