Multifamily Development Opportunity in
For Sale
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399-443 W Palomino Road, Chino Valley, AZ 86323
1.5-acre parcel zoned MR, ideal for apartment construction.
Property SizeContact for details
Lot Size1.50 Acres
Days on Market228
Property Features for 399-443 W Palomino Road
General Information
Standard status
Active
Lot size
1.50 Acres
Property subtype
Land, Multifamily
Zoning
MR
Listing Agency:
Arizona Commercial Real Estate
Listed By:
Matthew Fish · License #BR626105000
(480) 309-1089
Source:
Crexi
Added: Mar 19
Changed: Oct 26
Last Checked: Nov 1 at 2:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Arizona Commercial Real Estate
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Investment Insights
Based on property information with market context.
This 1.5-acre level parcel is located in the growing community of Chino Valley and presents an outstanding opportunity for multifamily development. Zoned MR (Multi-Residential), the property is ideally suited for apartment construction. It is surrounded by a strong mix of established multifamily and commercial users. Positioned along a busy street, the site offers excellent visibility and accessibility. The property benefits from preliminary approval for a 14-unit apartment complex. 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.
Key Highlights
- Preliminary approval for a 14‑unit apartment complex significantly reduces development time.
- Zoned MR (Multi‑Residential), ideally suited for apartment construction.
- 1.5‑acre level parcel with easy‑to‑build topography.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1.5-acre parcel zoned MR, ideal for apartment construction.
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 development time.; Zoned MR (Multi‑Residential), ideally suited for apartment construction.; 1.5‑acre level parcel with easy‑to‑build topography.
