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32184627
32184625

757 S 1040 W, Payson, UT 84651

$2,999,999
44 days on market
Updated 16 days ago

757 S 1040 W Payson Professional Plaza

Details
APN 49-867-0202,49-867-0201
Property Type Office
Sub Type Medical Office
Square Footage 6,106
Units 2
Cap Rate 2.40%
NOI $71,880
Occupancy 50%
Tenancy Multi
Brand/Tenant Dental Office
Year Built 2017
Buildings 1
Acreage 0.140
Zoning Commercial
Investment Type Value Add

757 S 1040 W, Payson, UT 84651

Marketing description

Prime Payson commercial property just off I-15 and 800 South, offering two professional office spaces with strong visibility and easy access for clients and employees. Each unit is approximately 3,053 sq ft, plus a matching 3,053 sq ft unfinished basement ideal for storage, future build-out, or additional office spaces. One unit is leased to an established dental office at $8,000/month rent plus $1,000/month CAM with approximately 7 years remaining on the lease, providing immediate income. The adjacent unit is currently vacant and previously leased at $8,000/month, with potential to increase rates in today's market and multiple parties expressing interest. Flexible layout and zoning support a variety of uses, including professional, medical, dental, or personal services. High-traffic location near the I-15 positions this commercial asset as a strong option for both investors and owner-users looking for office space in Payson. Addresses: 757 & 759 S 1040 W Payson, UT 84651. Tax IDs: 49-867-0202 & 49-867-0201. Please contact the listing agent for all questions and showing requests. Measurements provided as a courtesy only. Buyer to verify all information.

Investment highlights

  • Prime Payson commercial property just off I-15 and 800 South
  • Each unit is approximately 3,053 sq ft, plus a matching 3,053 sq ft unfinished basement
  • One unit is leased to an established dental office at $8,000/month rent plus $1,000/month CAM with approximately 7 years remaining on the lease
  • Adjacent unit is currently vacant and previously leased at $8,000/month, with potential to increase rates
  • Flexible layout and zoning support a variety of uses, including professional, medical, dental, or personal services
  • High-traffic location near the I-15
  • Net Operating Income (NOI): $71,880
  • Cap Rate (NOI/Price): 2.4%

Listing Contacts

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$71,880.00
$5,990.00/mo

Valuation Metrics

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DSCR
2.4%
Cap Rate
2.4%
ROI

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