Positioned in a highly accessible and growing commercial/industrial corridor of Payson, this well-maintained property at 58 N 1100 W, Payson, UT 84651 offers a compelling investment opportunity with both immediate income and future development upside. The building is thoughtfully divided into six individual units, providing diversified tenancy and stable revenue potential for investors or owner-users alike.

A major highlight of the property is its strong anchor tenant, "About Time Technologies", which currently occupies approximately 1/2 of the building. About Time is a nationally recognized provider of mobile time tracking, payroll, and workforce management solutions, primarily serving the construction and field services industries (see their website at https://abouttimetech.com). The company has an established reputation for helping businesses streamline operations, improve job costing accuracy, and enhance productivity through its innovative software platform.

About Time has a long-term lease in place through April 30, 2028, with two additional five-year renewal options, extending the potential lease term through the 2038 year. The tenant currently pays $16,591.97 per month, providing a strong and reliable income stream backed by a stable and growing company.

Situated on a total offering that includes an additional 1.11 acres of land directly north of the existing structure, this property presents a rare chance to expand or develop in a market experiencing steady growth. All utilities have already been brought to the vacant parcel, significantly reducing development timelines and costs. According to the Sellers, Payson City has already approved a development on the lot which allows for a warehouse.

In 2025, the building was appraised at $4,400,000, while the adjacent 1.11-acre parcel was appraised at $550,000. Since that time, market conditions in the area have continued to strengthen, supporting increased values, and the owner has added all major utilities to the empty lot. Reflecting this upward trend and the combined potential of both the improved and unimproved parcels, the property is being offered at $5,200,000.

Whether you’re seeking a stabilized investment with upside, a location for business expansion, or a development-ready site with infrastructure already in place, this property delivers exceptional flexibility and long-term value in one of Utah County’s emerging commercial hubs.

Investment Highlights:

• Stabilized Income with Strong Anchor Tenant - About Time Technologies occupies approximately half of the building with a lease in place through April 30, 2028, plus two 5-year renewal options (potentially through 2038), currently paying $16,108.71/month.
• Multi-Tenant Flexibility (6 Units) - The building is divided into six units, offering diversified income streams and reduced vacancy risk, ideal for investors seeking stability.
• Significant Development Upside - Includes an additional 1.11 acres directly north of the building, fully serviced with utilities—ready for expansion or ground-up development.
• Proven Value with Upside Potential - Appraised in 2025 at $4.4M for the building and $550K for the land, with market appreciation since—now offered at $5.2M.
• Strategic Location in Growing Payson Market - Located in a rapidly expanding commercial corridor, providing strong long-term appreciation potential and tenant demand.

This property is listed by the owners trusted real estate agent who is Truett Chamberlain with Berkshire Hathaway HomeServices Elite Corporate Real Estate Advisors. Do not contact tenant and give 24 hours advanced notice before any showings.