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.
Lot/land
$425,000
399-443 W Palomino Rd, Chino Valley, AZ 86323
--beds
--baths
1.5Acres
Multi Family, Land
Built in ----
1.5 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Excellent visibility and accessibilityFlat easy-to-build topography
- 174 days
- 10
- 0
Zillow last checked:
Listing updated:
Listed by:
Denise Raney 928-710-2094,
Arizona Commercial,
Matthew Fish 480-309-1089,
Arizona Commercial
Source: PAAR as distributed by MLS GRID,MLS#: 1080415
Facts & features
Interior
Features
- Has fireplace: No
Property
Features
- Fencing: None
- Has view: Yes
- View description: City, Valley
Lot
- Size: 1.5 Acres
- Topography: Corner,Level
Details
- Has additional parcels: Yes
- Parcel number: 35 & 3
- Zoning: MR
Utilities & green energy
- Utilities for property: None
Community & HOA
Community
- Subdivision: Luna Estates
HOA
- Has HOA: No
Location
- Region: Chino Valley
Financial & listing details
- Annual tax amount: $963
- Date on market: 3/19/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 3/19/2026 | Listed for sale | $425,000 |
Source: | ||
Public tax history
Tax history is unavailable.






