Listed by Arizona Commercial Real Estate
$425,000
Multi Family Development Opportunity
Details
APN 35 & 3
Property Type Land, Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Acreage 1.500
Zoning MR
Prime Hard Corner I Secure your next multi-family development site
Marketing 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.
Investment highlights
Aggressively priced, it represents a compelling opportunity for investors seeking to capitalize on Chino Valley's expanding demographics and rental market.
Listing Contacts
Listed by Arizona Commercial Real Estate
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