113 W CEDAR Lane, Payson, AZ 85541 (MLS# 7034506)

113 W CEDAR Lane, Payson, AZ 85541

$1,700,000

Property Type: Comm/Industry Sale Square Footage: 7,185 Lot Size (sq. ft.): 21,570 Status: Active

Current Price: $1,700,000 List Date: 5/29/2026 Last Modified: 7/03/2026

Overview

Description

A great opportunity for a commercial property, ''City Storage,'' strategically located at the high-traffic intersection of 104 W Phoenix St and 113 W Cedar Ln, encompassing a substantial 1.43 acres. This well-established storage facility demonstrates strong market demand with an impressive occupancy rate, showcasing the potential for further growth and profitability. Seller financing is available to facilitate acquisition. Currently, City Storage offers over 40 climate-controlled units across both buildings, designed with expansion in mind. The infrastructure is primed for significant development, allowing for an increase in capacity to meet the rising demand. Adjoining parcels are classified as C2 (104 W Phoenix St, 0.93 Ac.) and C3 (113 W Cedar Ln, 0.50 Ac.

Supplements: Moreover, the property includes a garage building with an 18-month remaining lease, providing an extra 30 units. The Cedar property offers additional development opportunities or space for 20 RV parking spots, while the Phoenix property currently has 36 spaces and is 66% occupied. Both properties come with the added benefit of two separate apartme ... (Read more)

Listing Details MLS# 7034506

Location, Tax & Legal

House Number: 113
Compass: W
Street Name: CEDAR
St Suffix: Lane
City/Town Code: Payson
State/Province: AZ
Zip Code: 85541
Zip4: 5422
Country: US
County Code: Gila
Subdivision: PINE RIDGE ADD REPLAT
Assessor Number: 304-17-119-B
Tax Year: 2025
Assessor's Map #: 17
Legal Description (Abbrev): SECTION: 09 TOWNSHIP: 10N RANGE: 10E WEST 150.0' OF TRACT 30, PINE RIDGE ADDITION REPLATTED, PLAT 80
Assessor's Parcel #: 119
Assessor Parcel Ltr: B
Add'l Parcels: Yes
Tax Municipality: Payson
Census Tract: 301
Taxes: 5364
Legal: SECTION: 09 TOWNSHIP: 10N RANGE: 10E WEST 150.0' OF TRACT 30, PINE RIDGE ADDITION REPLATTED, PLAT 80

Contract Info

Ownership: Fee Simple

General Property Description

Ttl Apx SqFt Bldg: 7185
# of Buildings: 3
Lot Size Dimensions: 149.64x144.09x149.64x144.28
Year Built: 1975
Uncvrd Parking Spcs: 33
Zoning: C-2
Flood Zone: No

Remarks Misc

Cross Street: Highway 87 & Cedar Lane
Directions: : North on Highway 87, West on Cedar Lane, building on the South side of the road.

Legal Info

Township: 10N
Range: 10E
Section: 09
Lot Number: 68

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Email: Yes
Phone Call: Yes

More Information

Contact Info

List Agent Home Phn: 480-239-7793

Currently Not Used

Sold Price Per SqFt: 236.6

Construction

Block: Yes
Other: Yes

Roofing

Composition: Yes
Metal: Yes

Floors

Other: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 5364
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0

Building Type

Commercial: Yes

Business Type

Storage: Yes

Pmt & Rate Info

Equity: 1850000
Total Owed: 0

Lockbox Type

See Private Remarks: Yes

Ceiling Height

10.1 Feet to 12 Feet: Yes

Heating

Propane: Yes
Other: Yes

Cooling

Central Air: Yes
Other: Yes

Interior Features

Smoke Detector(s): Yes

Loading Facilities

None: Yes

Road Surface Type

Asphalt: Yes

Exterior

Dual Street Ftg: Yes
Landscaping: Yes

Source of Fincl Data

Owner: Yes

Fencing

Chain Link: Yes
Security: Yes

Water Source

City Franchise: Yes

Freeway/Highway

Up to 1 Mile: Yes

Building Features

Showroom: Yes

Sewer

Sewer-In & Connected: Yes

Railroad

Other (See Remarks): Yes

Parking Features

Paved: Yes

Electric

APS: Yes
Underground: Yes

Gas

Propane Piped: Yes

New Financing

Cash Only: Yes
Owner May Carry: Yes
Wrap: Yes
1031 Exchange: Yes

Use Restrictions

CC&R's: Yes

Reports/Disclosures

Appraisal: Yes

Environmental

Phase I Available: Yes

Property Features

Building Type: Commercial Business Type: Storage Construction: Block; Other Roofing: Composition; Metal Floors: Other Ceiling Height: 10.1 Feet to 12 Feet Heating: Propane; Other Cooling: Central Air; Other Loading Facilities: None Interior Features: Smoke Detector(s) Exterior: Dual Street Ftg; Landscaping Fencing: Chain Link; Security Building Features: Showroom Parking Features: Paved Electric: APS; Underground Gas: Propane Piped Water Source: City Franchise Sewer: Sewer-In & Connected Railroad: Other (See Remarks) New Financing: Cash Only; Owner May Carry; Wrap; 1031 Exchange Showing Notification Methods: Text; Email; Phone Call Lockbox Type: See Private Remarks Source of Fincl Data: Owner Road Surface Type: Asphalt Use Restrictions: CC&R's Environmental: Phase I Available

Listing Office: AM/PM Realty Group LLC

Last Updated: July - 03 - 2026