620 E Highway 260, Payson, AZ 85541 For Sale

Fargo's Plaza is a ±8,474 SF multi-building commercial campus at the Chaparral Pines gateway on State Route 260, where ADOT counts roughly 18,200-18,700 vehicles per day. The campus is anchored by Fargo's Steakhouse — Rim Country's long-established destination restaurant — and rounded out by four professionally leased office buildings. Eleven income streams, zero vacancy, and a ±1.47-acre R3-MH development parcel that conveys with the sale.

A buyer of this real estate acquires the campus with Fargo's Steakhouse in place as the anchor tenant under its February 2026 lease, alongside ten professionally leased office and service tenancies across Buildings A-D.

The overflow parcel — APN 304-07-035P, ±1.47 acres (64,134 SF) — is zoned R3-MH, permitting multi-family residential or commercial development. Today it does little more than hold the occasional overflow car the campus does not actually need. In a Payson market with real and growing housing demand, that is entitled development land sitting idle.

Developed in the early-to-mid 2000s in a cohesive mountain-lodge style (stacked-stone and timber). The campus last traded at $1,968,000 in February 2006. New roofs on all three primary buildings and new A/C — major capital already invested by the seller and documented on the filed depreciation schedules. (Exact assessor year-built to be confirmed at final.)