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Listed by Arizona Commercial
$ 425,000
Est. payment /mo
Active
399-443 W Palomino RD Chino Valley, AZ 86323
1.5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Luna Estates
MLS Listing ID 1080415
HOA Y/N false
Annual Tax Amount $963
Tax Year 2025
Lot Size 1.500 Acres
Acres 1.5
Property Sub-Type Multi Family
Source paar
Property Description
Located in the growing community of Chino Valley, this 1.5-acre level parcel presents an outstanding opportunity for multifamily development. Zoned MR (Multi-Residential), the property is ideally suited for apartment construction and is surrounded by a strong mix of established multifamily and commercial users, reinforcing its investment appeal.Positioned along a busy street, the site offers excellent visibility and accessibility, making it attractive for both developers and future tenants. The property benefits from preliminary approval for a 14-unit apartment complex, significantly reducing upfront planning time and accelerating the path to development.With its flat, easy-to-build topography, favorable zoning, and location in an area experiencing steady population growth and increasing housing demand, this parcel is primed for success. Aggressively priced, it represents a compelling opportunity for investors seeking to capitalize on Chino Valley's expanding demographics and rental market.
Location
State AZ
County Yavapai
Exterior
Fence None
Utilities Available None
View City, Valley
Street Surface Paved
Road Frontage City Street
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Nearby Locations