Courtesy of: Denise Raney, Arizona Commercial, denise@arizonacre.com
Courtesy of: Denise Raney, Arizona Commercial, denise@arizonacre.com
$425,000
|
Lot: 1.50 Acres
|
|
Other
|
$425,000
399-443 W Palomino Road 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.
Courtesy of: Denise Raney, Arizona Commercial, denise@arizonacre.com
Copyright © 2026 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.