Investment Overview

Marcus & Millichap is pleased to be exclusively marketing for sale ± 21.97 acres located in the picturesque Green Valley area of the Town of Payson, AZ. Payson is located about 90 minutes northeast of the Phoenix/Scottsdale metro area in Gila County, Arizona. Payson is situated in the geographic center of Arizona and serves as the gateway to the White Mountains recreational areas. At ± 5,000 feet, Payson offers residents and visitors a mild four season climate. The site is located off Main Street, which is a revitalization focus for the town. The property is currently zoned R-3 Transitional Multifamily by the Town of Payson. The owner has available a phased preliminary conceptual site plan with a mix of residential product (paired and clustered homes) totaling approximately 180 units. The plan includes the development of a community amenity known as the American Gulch, which is a tree lined pedestrian walkway that will run to the Green Valley Park. Nearby businesses include Wal-Mart Super Store, Safeway Supermarket, Basha’s, Home Depot, Walgreens, Chipotle, Dairy Queen, Wells Fargo, PNC Bank, National Bank of Arizona, Chili’s, Culver’s, Dutch Bros, Starbucks, Pizza Hut, Dominos, Chapman Payson Automotive Center, and several national and local hotel brands. The site is primarily level with sloping topography on the south side of the property and is covered with high desert vegetation and mature trees. Town of Payson water and sewer as well as electricity, natural gas, cable and internet are located near the property line. Buyer is to verify all utility locations and adequacy of the utilities for the buyer proposed use during the diligence period. Seller will grant a qualified buyer time to seek government approvals.