Listing ID86560
Price$2,800,000
SqFt
2,376
Acres
0.930
StatusActive
CountyGila
Year Built1985
Property TypeCommercial
Property Sub TypeIndustrial
''City Storage'' is located between 104 W Phoenix St & 113 W Cedar Ln. with a total of 1.43 Acres. Rental Units are at or near capacity, Currently we have 25 climate-controlled units. We are beginning Phase two, installing 18 climate-controlled storage units. 3rd Phase will be adding a proposed 35-50 self storage units. With Phase 4 to add an additional 50-80 units. And additional 30 units to be added to garage building (Currently an 18 mo lease is remaining). Plus, Lot space on Cedar property of another 20 RV spaces. The Phoenix Property has 36 Spaces and is 66% occupied. Additionally the Cedar property can be built on or used for additional RV Storage. Includes 2 separate apartments, one in each building. Currently land is being rented for RV Storage and is almost at capacity. Building on Phoenix has office and 18 Climate Controlled Units, Building on Cedar has Apartment and 25 more Climate Controlled units. Unit Sizes to be modified during building process.
Currently generating over $12,450 monthly and have potential of 2-3 times in volume as Phases are complete.
These properties are being sold together and adjoining, located at:
104 W Phoenix St (Zoned C2) (.93 Ac.)
&
113 W Cedar (Zoned C3) (.50 Ac.)
County
Gila
Price/SqFt
3010752.68
photo Count
37
Property Sub Type
Industrial
Property Type
Commercial
Subdivision
Wooded Estates
Year Built
1985
Zoning
C-2
1st Assumable
no
Accelerate
no
Average Room Rent/Night
0 - 40
Cap Rate
CLO
Down Payment
CLO
Existing Finance Fees
N/A - Other
Foreclosure
no
Form of Ownership
Corporation
Gross Sales
149400
Improvements
CLO
Must Qualify
no
Net Operating Income
CLO
Owner May Sell/Terms
1031 Exchange, Cash, Conventional, OWC/OMC
Possession
At Close of Escrow
Sale Price Includes
Building, Business
Sale/Lease
Sale
Short Sale
no
Tax Year
2021
Taxes
3968
Tenant Pays Other
YES
Absolute Longitude
111
Area
Payson Southwest
Flood Zone
None
HOA
no
Location
Rural
Lot Number
6
Cooling
Electric Refrig.
Cooling Other
YES
Fireplace/Woodstove Other
YES
Floor Covering
Carpeting, Concrete
Floor Type
Slab
General Improvement Info Other
YES
Heating
Forced Air, Propane, Wall Panel
Interior Features
Living Quarters, Refrigerator, Showroom, Smoke Detectors
Interior Features Other
YES
Number of Tenants
1 - 4
Total Rooms
1
Management
Owner/Family
Motel Includes Other
YES
Training Other
YES
Utilities Available
Cable TV/Satellite, Electricity, Internet Hook Up, Payson Water Company, Propane Piped, Sewer Hooked In, Telephone, Underground Util
Utilities Available Other
YES
Construction
Block, Steel
Exterior Features
Auto Bays, Dog Run, In the Trees
Exterior Features Other
YES
Garage/Carport
Garage Only, RV Parking
General Land Info Other
YES
Land Size
40511
Lot Dimensions
163.01x358.4x224.46x150.33
Lot/Street Improvements
Blacktop Street
Property Features
Chain Link, Security Gate
Roof
Asphalt/Comp Shingle, Metal
Siding
Aluminum
Type/Style
Single Level
© 2022 Central Arizona MLS (CAZBR).
Information deemed reliable, but not guaranteed.
Data last updated: Tuesday, August 16th, 2022
Listing courtesy of DeLex Realty - PAYSON.
Information deemed reliable, but not guaranteed.
Data last updated: Tuesday, August 16th, 2022
Listing courtesy of DeLex Realty - PAYSON.
Data services provided by IDX Broker
