NOT LISTED FOR SALE

100 N Tonto St Unit 2 Payson, AZ 85541

Estimated Value: $1,976,879

-- Bed
-- Bath
11,800 Sq Ft
$168/Sq Ft Est. Value

Last Sold June 25, 2024

Last sale price $1,988,000 $168 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,685/month

88 Days on Market

Highlights

  • Central Air
  • Vinyl Flooring
  • Heating Available
  • Partially Fenced Property

About This Home

As of June 2024

Welcome to the epitome of prime commercial-industrial-office space in the thriving hub of Payson! Strategically positioned at the heart of the city, this exceptional property offers an unparalleled opportunity for businesses and savvy investors. Key Features: Strategic Location: Centrally located in the vibrant heart of Payson, providing easy access and visibility for businesses. Versatile Zoning: Zoned M-1, offering a spectrum of possibilities for commercial, industrial, and office usage. Impressive Infrastructure: Boasting 800 Amp, 3 Phase Power, ensuring optimal energy supply for diverse business operations. Sprawling across 1.77 Acres, providing ample space for expansion and future development. 50+ Parking Spaces, ensuring convenience for both employees and customers. Modern Amenitie ADA Compliant, catering to the needs of all clients and visitors. State-of-the-art Cat6 Ethernet Cable infrastructure, ensuring seamless connectivity for businesses relying on advanced technology. Operational Efficiency: CAM Split 70/30, offering a fair and beneficial arrangement for both property owner and tenants. 12' Roll-up Garage Doors, facilitating smooth logistics and operations for businesses with varying needs. Secure Environment: Fenced Lot, providing security and privacy for the property. Lucrative Investment Opportunity: A grand 11,800 Sq Ft Commercial Building, primed for a variety of business purposes. Currently, Suite A is leased to a tenant at $5,610 per month (NNN) for approximately 3,500 sq ft of the building. Existing lease agreement in place until 11/30/2025, offering a stable income stream for investors. Seize the opportunity to own a piece of Payson's bustling commercial landscape. Whether you're an entrepreneur looking for the ideal space for your business or an investor seeking a lucrative venture, this commercial property is the gateway to success. Act now and be part of Payson's thriving business community!

Last Agent to Sell the Property

Guy Pfister

DeLex Realty License #SA575165000 Listed on: 12/29/2023

DeLex Realty

Last Buyer's Agent

Robert Pearson

Payson Homes & Land License #BR524963000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $19,968

Year Built

  • Built in 2005

Lot Details

  • Partially Fenced Property
  • Chain Link Fence
  • Property is zoned M-1

Home Design

  • Metal Roof
  • Block Exterior

Interior Spaces

  • 11,800 Sq Ft Home
  • Vinyl Flooring

Parking

  • 50 Open Parking Spaces
  • 50 Parking Spaces
  • Public Parking
  • Free Parking

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Tax Lot 13
  • Assessor Parcel Number 304-56-013

Community Details

Overview

  • 2 Buildings
  • Building Dimensions are 213.47x190.5
  • Payson Industrial Park Subdivision

Building Details

  • Operating Expense $19,968
  • Gross Income $56,580
  • Net Operating Income $67,200

Property Details

Property Type

Other

Est. Annual Taxes

$19,968

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Cross Street: W Longhorn Dr and N Tonto Street
  • Legal Info Range: 10E
  • Property Type: Comm/Industry Sale
  • Zoning: M-1
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2005
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: PAYSON INDUSTRIAL PARK
  • Structure Type: Commercial
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Vinyl
  • Living Area: 11800.0

Exterior Features

  • Fencing: Chain Link, Partial
  • Disclosures: Other (See Remarks)
  • Construction Type: Block
  • Roof: Metal
  • Construction:Block: Yes

Garage/Parking

  • Parking Features: Public Parking, Free
  • Attached Garage: No
  • Open Parking Spaces: 50.0
  • Total Parking Spaces: 50.0
  • General Property Description:Uncvrd Parking Spcs: 50.0
  • General Property Description:Total Parking Spcs: 50.0
  • Parking:Free: Yes
  • Parking:Public Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central A/C
  • Heating: Electric
  • Water Source: City Franchise
  • Heating:Electric: Yes

Lot Info

  • Lot Size: 213.47x190.5
  • Lot Size Sq Ft: 1.77
  • Parcel #: 304-56-013
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Gross Income: 56580.0
  • Property Net Operating Income: 67200.0
  • Annual Operating Expense: 19968.0
  • Vacancy Allowance Rate: 0.7

Tax Info

  • Tax Annual Amount: 19968.0
  • Tax Book Number: 304.00
  • Tax Lot: 13
  • Tax Map Number: 56.00

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2024 06/25/24 Sold $1,988,000 -9.6% $168 / Sq Ft
03/27/2024 03/27/24 Pending -- -- --
12/29/2023 12/29/23 For Sale $2,200,000 -- $186 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $15,433 -- -- --
2024 $15,433 $205,309 $14,353 $190,956
2023 $15,433 $136,576 $22,247 $114,329
2022 $15,398 $123,674 $9,345 $114,329
2021 $15,527 $103,061 $7,787 $95,274
2020 $14,919 $0 $0 $0
2019 $14,483 $0 $0 $0
2018 $16,902 $0 $0 $0
2017 $16,077 $0 $0 $0
2016 $16,669 $0 $0 $0
2015 $19,940 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6644015

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-56-013