113 W Cedar Lane, Payson, AZ 85541 (MLS# 94406)

Overview

Description

A great opportunity for a commercial property, ''City Storage,'' strategically located at the high-traffic intersection of 104 W Phoenix St and 113 W Cedar Ln, encompassing a substantial 1.43 acres. This well-established storage facility demonstrates strong market demand with an impressive occupancy rate, showcasing the potential for further growth and profitability. Seller financing is available to facilitate acquisition. Currently, City Storage offers over 40 climate-controlled units across both buildings, designed with expansion in mind. The infrastructure is primed for significant development, allowing for an increase in capacity to meet the rising demand. Adjoining parcels are classified as C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar Ln, 0.50 Ac. Moreover, the property includes a garage building with an 18-month remaining lease, providing an extra 30 units. The Cedar property offers additional development opportunities or space for 20 RV parking spots, while the Phoenix ... (Read more)

Location, Tax & Legal

Street #: 113
Direction: W
Street Name: Cedar
Suffix: Lane
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Pine Ridge Add - PSW
County: Gila
Zoning: C-2
Taxes: 5399.58
Tax Year: 2025
Assessor's Book #: 304
Assessor's Map #: 17
Assessor's Parcel #: 119B
APN #: 304-17-119B
HOA: No
Legal Description: Section: 09 Township: 10N Range: 10E West 150.0' Of Tract 30 , Pine Ridge Addition Replatted , Plat 80Se1/4 Ne1/4 Sec 9 T10n R10e = 0.50 Ac

Contract Information

Property Sub-Type: Business & Real Estate
List Price/SqFt: 400
List Type: Exclusive ARS
Foreclosure: No
Sale/Lease: -

General Property Description

Acres: 1.43
Lot Dimensions: 149.64x144.09x149.64x144.28
# Parking Spaces: 33
Apx SqFt: 4000
Year Built: 1975
Land Size: 21780
Building Size: 7185
# of Tenants: 15 - 24
Vacancy %: 30

Status Change Info

Sold Price/SqFt: 0

Currently Not Used

Total Rooms: 10

Loan Info

1st Assumable: No
Accelerate: No
Must Qualify: Yes
Ttl Pmt after Assmpt: 400000
Cash to Assume: 0

More Information

To Show

Showing Service Name: Other

Property Features

N/A - Other: security cameras
Chain Link: Yes

Location

Highway Front: Yes

Remarks & Misc

Directions: North on Highway 87, West on Cedar Lane, building on the South side of the road.
Public Remarks: A great opportunity for a commercial property, ''City Storage,'' strategically located at the high-traffic intersection of 104 W Phoenix St and 113 W Cedar Ln, encompassing a substantial 1.43 acres. This well-established storage facility demonstrates strong market demand with an impressive occupancy rate, showcasing the potential for further growth and profitability. Seller financing is available to facilitate acquisition. Currently, City Storage offers over 40 climate-controlled units across both buildings, designed with expansion in mind. The infrastructure is primed for significant development, allowing for an increase in capacity to meet the rising demand. Adjoining parcels are classified as C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar Ln, 0.50 Ac. Moreover, the property includes a garage building with an 18-month remaining lease, providing an extra 30 units. The Cedar property offers additional development opportunities or space for 20 RV parking spots, while the Phoenix property currently has 36 spaces and is 66% occupied. Both properties come with the added benefit of two separate apartments, strategically located in each building, offering additional rental income or living accommodations for management. These adjoining parcels are zoned C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar, 0.50 Ac.), providing versatile opportunities for commercial expansion and investment. Don't miss out on this remarkable chance to own a thriving storage business with remarkable growth potential!

Income/Sales Info

Net Operating Income: 11,000 - 15,999
Cap Rate: 8 - 8.9%
Down Payment: Submit
Gross Sales: 20000
Improvements: 51,000 - 99,999

Construction

Block: Yes

Interior Features

Smoke Detectors: Yes
Security System: Yes
Fire Sprinkler Sys: Yes
Shop: Yes
Display Window: Yes

Lot/Street Improvem.

Curbs: Yes
Sidewalks: Yes
Paved Parking: Yes
Street Parking: Yes

Type/Style

Single Level: Yes

Garage/Carport

RV Parking: Yes

Exterior Features

Storage/Utility Shed: Yes
Private Yards: Yes
Storage Units: Yes

Roof

Asphalt/Comp Shingle: Yes
Metal: Yes

Utilities Available

Electricity: Yes
Town of Payson Water: Yes
Underground Util: Yes

Heating

Propane: Yes

Possession

At Close of Escrow: Yes

Owner May Sell/Terms

Cash: Yes
Conventional: Yes
Assumption: Yes
FHA: Yes
VA: Yes
1031 Exchange: Yes
Balloon: Yes

Cooling

Central: Yes

Documents on File

Current Profit/Loss: Yes
Balance Sheet: Yes
Owner Oper Statement: Yes
Accounts Receivable: Yes

Exist. Finance Fees

N/A - Other: Yes

Management

Owner/Family: Yes

Form of Ownership

Sole Proprietor: Yes

Sale Price Includes

Business: Yes
Building: Yes
Land: Yes
Fixtures: Yes
Equipment: Yes
Inventory: Yes

Avg Room Rent/Night

200 +: Yes

Occupancy

Partially Leased: Yes

Property Features

Location: Highway Front Construction: Block Roof: Asphalt/Comp Shingle; Metal Property Features: Chain Link Exterior Features: Storage/Utility Shed; Private Yards; Storage Units Interior Features: Smoke Detectors; Security System; Fire Sprinkler Sys; Shop; Display Window Cooling: Central Heating: Propane Utilities Available: Electricity; Town of Payson Water; Underground Util Possession: At Close of Escrow Documents on File: Current Profit/Loss; Balance Sheet; Owner Oper Statement; Accounts Receivable Management: Owner/Family Form of Ownership: Sole Proprietor Sale Price Includes: Business; Building; Land; Fixtures; Equipment; Inventory Occupancy: Partially Leased