520 W Main Street, Payson, AZ 85541 (MLS# 93971)

Overview

Description

Step into a living piece of history at 520 West Main Street--an iconic commercial property in the heart of Payson's Main Street district. Originally built in 1882 as a saloon at the entrance to town, this remarkable building--widely recognized as the oldest commercial structure in Payson--has played many roles over the years, from dance hall and pool hall to post office and print shop. Its storied past includes ties to the legendary ''Bootleg Alley'' era, adding a rare and authentic character you simply can't recreate. Restored by its current owner, the property seamlessly blends historic charm with modern functionality. Thoughtful renovations preserve its original integrity while incorporating key updates, including upgraded electrical systems, refreshed bathroom fixtures, new windows, fresh paint, and new flooring throughout. Zoned C-3, this property offers exceptional flexibility for a wide range of uses, including retail, restaurant, office, or mixed-use residential/commerci ... (Read more)

Location, Tax & Legal

Street #: 520
Direction: W
Street Name: Main
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Payson Townsite
County: Gila
Zoning: C3
Taxes: 1559.32
Tax Year: 2025
Assessor's Book #: 304
Assessor's Map #: 06
Assessor's Parcel #: 234
Assessor's Parcl Ltr: A
APN #: 304-06-234A
HOA: No
Legal Description: Section: 09 Township: 10N Range: 10E Comm Se Cor Block 14 , Payson Townsite , Plat 64; Th S89d31'e , 133.98' To Pob; Th N0d02'e , 79.80'; Th S89d38'e , 77.0'; Th S0d02'w , 79.96'; Th N89d31'w , 77.0' To Pobne1/4 Nw1/4 Sec 9 T10n R10e = 0.14 Ac

Contract Information

Property Sub-Type: Real Estate Only
List Price/SqFt: 311.26
List Type: Exclusive ARS
Foreclosure: No
Sale/Lease: Sale

General Property Description

Acres: 0.14
Lot Dimensions: 77.0 x 79.96 x 77.0 x 79.8
# Parking Spaces: 6
Apx SqFt: 1767
Year Built: 1882
Land Size: 6098
Building Size: 1767
# of Tenants: 1 - 4
Vacancy %: 0

Status Change Info

Sold Price/SqFt: 0

Currently Not Used

Total Rooms: Yes

Loan Info

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

More Information

To Show

Showing Service Name: Broker Bay

Location

Downtown: Yes

Remarks & Misc

Directions: South on Beeline Hwy to Main Street, West on Main Street, Property on Right.
Public Remarks: Step into a living piece of history at 520 West Main Street--an iconic commercial property in the heart of Payson's Main Street district. Originally built in 1882 as a saloon at the entrance to town, this remarkable building--widely recognized as the oldest commercial structure in Payson--has played many roles over the years, from dance hall and pool hall to post office and print shop. Its storied past includes ties to the legendary ''Bootleg Alley'' era, adding a rare and authentic character you simply can't recreate. Restored by its current owner, the property seamlessly blends historic charm with modern functionality. Thoughtful renovations preserve its original integrity while incorporating key updates, including upgraded electrical systems, refreshed bathroom fixtures, new windows, fresh paint, and new flooring throughout. Zoned C-3, this property offers exceptional flexibility for a wide range of uses, including retail, restaurant, office, or mixed-use residential/commercial configurations. The versatile interior layout makes it ideal for a boutique shop, art gallery, studio, café, or even a unique live-work space. Positioned in a high-visibility location with steady foot traffic, it provides easy access to both locals and visitors exploring Rim Country. This is more than just a commercial property--it's a rare opportunity to own a timeless piece of Payson's history while bringing your own vision to life. Whether you're an investor, entrepreneur, or creative visionary, 520 West Main Street offers unmatched character, location, and potential.

Income/Sales Info

Net Operating Income: 0 - 5,999
Cap Rate: 1 - 4.9%
Down Payment: 0 - 5,999
Gross Sales: 0
Improvements: 0 - 2,999

Construction

Wood Frame: Yes

Interior Features

Security System: Yes

Floor Covering

Concrete: Yes

Property Features

Wood Fence: Yes

Lot/Street Improvem.

Curbs: Yes
Sidewalks: Yes
Alley: Yes
Paved Parking: Yes

Type/Style

Single Level: Yes

Garage/Carport

None: Yes

Siding

Wood: Yes

Roof

Metal: Yes

Utilities Available

Electricity: Yes
Town of Payson Water: Yes
Sewer Hooked In: Yes
Telephone: Yes
Trash: Yes

Heating

Forced Air: Yes

Possession

At Close of Escrow: Yes

Owner May Sell/Terms

Cash: Yes
Conventional: Yes
OWC/OMC: Yes

Floor Type

Slab: Yes

Cooling

Central: Yes
Heat Pump: Yes

Documents on File

SPDS: Yes

Exist. Finance Fees

N/A - Other: Yes

Management

Owner/Family: Yes

Sale Price Includes

Building: Yes

Avg Room Rent/Night

0 - 40: Yes

Occupancy

Owner Occupied: Yes

Property Features

Location: Downtown Construction: Wood Frame Siding: Wood Roof: Metal Property Features: Wood Fence Interior Features: Security System Floor Type: Slab Floor Covering: Concrete Cooling: Central; Heat Pump Heating: Forced Air Utilities Available: Electricity; Town of Payson Water; Sewer Hooked In; Telephone; Trash Possession: At Close of Escrow Documents on File: SPDS Management: Owner/Family Sale Price Includes: Building Occupancy: Owner Occupied