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880 E Road 2 North

9.22 Acres of Commercial Land Offered at $1,500,000 in Chino Valley, AZ 86323

Executive Summary

Level and easy-to-build 9.2 acre site, approved for 156 apartments. Perfect location - just east of Hwy 89, adjacent to the Safeway center. Walking distance to many restaurants, Walgreens, bank, etc. Site has been prepped with sewer and water which has been installed to the north edge of the property, saving hundreds of thousands of dollars. Rent study and Phase 1 have been completed for the property (see documents tab). Site plan has also been completed.
Hwy 89 north to Chino Valley, east (right) on Road 2 North by Safeway, approximately 1200 ft. to sign on left.

Property Facts

Price $1,500,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Single Family Development
  • Single Family Residence
Total Lot Size 9.22 AC

1 Lot Available

Lot

Price $1,500,000
Price Per AC $162,689.80
Lot Size 9.22 AC

Rare opportunity and best property on market to build on in an underserved market area. List price is only $9,615 per door/unit.

zoning

Zoning Code MR1-1/MHP-5/PAD (Multi Family Residential, Mobile Home Park with and existing approved planned area development.)
MR1-1/MHP-5/PAD (Multi Family Residential, Mobile Home Park with and existing approved planned area development.)
  • Listing ID: 28260244

  • Date on Market: 4/18/2023

  • Last Updated:

  • Address: 880 E Road 2 North, Chino Valley, AZ 86323

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