675 100, Payson, UT 84651
—BD/—BA Commercial Sale in Payson, UT 84651. Built 1995. Listed at $1,450,000. MLS #2140513.
—BD/—BA Commercial Sale in Payson, UT 84651. Built 1995. Listed at $1,450,000. MLS #2140513.
**PLEASE DO NOT DISTURB TENANTS OR THEIR BUSINESSES!!** Turnkey investment opportunity with rented units, maintenance schedules, and contractors all in place. This is a fully rented commercial building that also includes a rented residential unit. With a cap rate of 6% this is a solid investment opportunity. Several updates have been made to the commercial building within the last few years, including: full roof replacement, new water heaters, furnace maintenance, updated exterior locks and security measures, new pavement in the south parking lot, and the addition of solar-powered lights. The residential home on the property was remodeled in 2020 with renovations including new flooring throughout, drywall repair and paint, new lighting, new cabinets, countertop, and backsplash in the kitchen, as well as a full bathroom remodel. It has long-term renters as well. All units are currently rented, with great long-term renters, many of whom have been in the building for over a decade. This listing is for multiple tax ID numbers: 08:126:0001 and 08-126-0017.
Property Type
Commercial Sale
Property Style
Retail
County
Utah
Lot Size
0.93 sq ft
Condition
Blt./Standing
MLS #
2140513
Property Type
Commercial Sale
Property Style
Retail
County
Utah
Lot Size
0.93 sq ft
Condition
Blt./Standing
MLS #
2140513
List Price
$1,450,000
Annual Taxes
$11,719
Home Warranty
No
List Price
$1,450,000
Annual Taxes
$11,719
Home Warranty
No
Covered Spaces
0
Total Parking
0
Covered Spaces
0
Total Parking
0
$455,000
+219% vs median
66 days
113
$254,900 – $8,450,000
$11,719
Low Crime
5.7
per 1,000
13.8
per 1,000
10.9
per 1,000
30.5
per 1,000
National rates use FBI UCR Index Crimes. Local rates use NIBRS which may include additional offense categories.
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Daryn Edmunds - High Road Properties

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