Chino Valley Multifamily Development
For Sale
$425,000
399-443 W Palomino Road, Chino Valley, AZ 86323
Land, Chino Valley, AZ
Property SizeContact for details
Lot Size1.50 Acres
Days on Market170
Property Features for 399-443 W Palomino Road
General Information
Property type
Land
Property subtype
Other
Zoning
MR
Subdivision
Luna Estates
View
City, Valley
Directions
Highway 89 just past Butterfield to South on Palomino to lots on left
Standard status
Active
APN
35 & 3
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LUNA EST AMENDED THE W2 OF LOT #35 SEC 15-16-2W CONT .50AC & LUNA ESTATES SUB LOT 36 AMENDED
Tax Annual Amount
963
Legal Description
LUNA EST AMENDED THE W2 OF LOT #35 SEC 15-16-2W CONT .50AC & LUNA ESTATES SUB LOT 36 AMENDED
Listing Agency:
Arizona Commercial
(928) 515-1223
Listed By:
Denise Raney · License #SA567345000
(928) 710-2094
Added: Mar 19
Changed: Sep 2
Last Checked: Sep 4 at 9:06AM
MLS# 1080415
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.
Investment Insights
Based on property information with market context.
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. It represents a compelling opportunity for investors seeking to capitalize on Chino Valley's expanding demographics and rental market.
Key Highlights
- Preliminary approval for a 14‑unit apartment complex significantly reduces upfront planning time.
- Zoned MR (Multi‑Residential), ideally suited for apartment construction.
- Located on a 1.5‑acre level parcel in the growing community of Chino Valley.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 86323, AZ
18,422
Population
8,541
Households
2.2
Avg Household Size
51
Median Age
19%
College-Educated
90%
High-School Grad
114.7 sq mi
ZIP Area
161
Density / Sq Mi
$62,815
Median Household Income
$37,385
Median Earnings
$1,167
Median Rent
$349,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.5-acre parcel approved for 14-unit apartment complex.
Where is this residential land & home lot located?
The property is located at 399-443 W Palomino Road Chino Valley, AZ.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Preliminary approval for a 14‑unit apartment complex significantly reduces upfront planning time.; Zoned MR (Multi‑Residential), ideally suited for apartment construction.; Located on a 1.5‑acre level parcel in the growing community of Chino Valley.
