This almost 1.5 acre commercial land is ideally situated in the middle of Payson and zoned C-1, Neighborhood Service District, which is meant to accommodate a wide variety of neighborhood retail and service businesses, offices and other limited commercial uses with predominance on pedestrian access and convenience to residential neighborhoods. Some ideas for this land are multi-family dwellings such as apartments or condominiums, residential care facility, office complex, and many others commercial opportunities. Additionally, current owner has preliminary plans for a 36-unit apartment or condominium complex which are included in the purchase price. This is an excellent opportunity to investment in Payson now with so many growth opportunities on the horizon!
From Phoenix, take HWY 87 to Payson, turn east on Bonita, Bonita to Ponderosa, the property is on the Northeast corner of Bonita/Ponderosa.
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