$15,000,000
Prescott Valley, AZ 86314
MLS# 1079756
54552 sqft
1 / 47
Property Description
Fully Entitled, Shovel-Ready Senior Living Development Opportunity | Prescott Valley, Arizona Offered for sale is a fully entitled, shovel-ready Senior Living development ideally located in the heart of Prescott Valley, Arizona--one of Northern Arizona's fastest-growing retirement markets. The project is anchored by an existing 54,552 square foot, three-story former university building, which is planned to serve as the community's central hub. This structure is well-suited to accommodate a wide range of community and care-related uses, including memory care, medical clinic space, restaurant and dining facilities, wellness and fitness amenities, and residential units. The development is fully approved for up to 259 residential units consisting of a thoughtfully designed mix of apartments, single-family cottages, and townhomes. The project allows for either a 55+ Active Adult community or a full Continuing Care Retirement Community (CCRC), providing flexibility to meet evolving market demand. Planned amenities include multiple dining venues, pickleball and tennis courts, and additional lifestyle and wellness features designed to support a vibrant senior living environment. Strategically positioned near the center of Prescott Valley, the property benefits from convenient access to major arterial roadways and is located less than two miles from the area's primary retail and medical corridor, which includes regional shopping, dining, entertainment, banking, professional services, and hospital facilities. The site also offers attractive mountain views and proximity to abundant outdoor recreational opportunities. Importantly, the project is situated within a rapidly expanding growth corridor, with surrounding land planned for approximately 2,000 additional single-family homes and complementary commercial development, further enhancing long-term demand and investment value.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 275
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: RS
Assessor's Book #: 402
Assessor's Map #: 14
Assessor's Parcel #: 239
Assessor Parcel Ltr: b
Legal: AN IRREEG PCL NW4 NW COR BEING NW COR SEC 17-14-1E CONT. 49.31AC
General Property Description
Aprx Acres: 49.31
Lot #: 1
Lot Size: 2,147,944
Bedrooms Possible: 259
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 3
Management: Owner
Solar Y/N: No
More than 5 Units: Yes
Total Liveable SqFt: 54552
Year Built: 2005
Baths - Full: 259
Tax Info
Taxes: 107763
Tax Year: 2025
Remarks & Misc
Directions: Prescott Valley - State Route 69 to north on Navajo to east on Superstition to south on Sheridan to east on University Dr. University Dr. ends at the property.
Remarks: Fully Entitled, Shovel-Ready Senior Living Development Opportunity | Prescott Valley, Arizona
Offered for sale is a fully entitled, shovel-ready Senior Living development ideally located in the heart of Prescott Valley, Arizona--one of Northern Arizona's fastest-growing retirement markets. The project is anchored by an existing 54,552 square foot, three-story former university building, which is planned to serve as the community's central hub. This structure is well-suited to accommodate a wide range of community and care-related uses, including memory care, medical clinic space, restaurant and dining facilities, wellness and fitness amenities, and residential units.
The development is fully approved for up to 259 residential units consisting of a thoughtfully designed mix of apartments, single-family cottages, and townhomes. The project allows for either a 55+ Active Adult community or a full Continuing Care Retirement Community (CCRC), providing flexibility to meet evolving market demand. Planned amenities include multiple dining venues, pickleball and tennis courts, and additional lifestyle and wellness features designed to support a vibrant senior living environment.
Strategically positioned near the center of Prescott Valley, the property benefits from convenient access to major arterial roadways and is located less than two miles from the area's primary retail and medical corridor, which includes regional shopping, dining, entertainment, banking, professional services, and hospital facilities. The site also offers attractive mountain views and proximity to abundant outdoor recreational opportunities.
Importantly, the project is situated within a rapidly expanding growth corridor, with surrounding land planned for approximately 2,000 additional single-family homes and complementary commercial development, further enhancing long-term demand and investment value.
Office/Member Info
Listing Exclusions: Yes
Building Type
5+ Units: 1
Construction
Brick: 1
Frame - Steel: 1
Cooling
Central Refriger: 1
Gas Pack: 1
Whole Bldg Fan: 1
Zoned: 1
External Amenities
Fence: 1
Handicap Access: 1
Landscaped: 1
Patio/Deck/Balcony: 1
Separate Storage: 1
Sprinkler/Drip: 1
Flooring
Carpet: 1
Tile: 1
Heating
Electric: 1
Hot Water: 1
Natural Gas: 1
Steam: 1
Zoned: 1
Owner Pays
All: 1
Records Available
Record of Survey: 1
Other - See Remarks: 1
Road Frontage Type
City Street: 1
Private Road: 1
Road Surface Type
Asphalt: 1
Paved: 1
Road Responsibility
Private Maintained Road: 1
Roof
Welded Membrane: 1
Other - See Remarks: 1
Showing Requirements
Call Listing Office: 1
Terms & Conditions
1031 Exchange: 1
Assumable: 1
Conventional: 1
Free and Clear: 1
Own/Bld Suit: 1
Submit: 1
Trade: 1
Utilities Installed
220: 1
3 Phase: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Central Boiler: 1
Re-Circulating: 1
Two or More: 1
ContractAddressLegal
Original List Price: 15000000
Listing Date: 2026-02-23
Status: Active
Listing Price: 15000000
Street #: 10000
Direction: E
Street Name: University
St Suffix: Drive
City/Township: Prescott Valley
State: AZ
Zip Code: 86314
Subdivision: None
County: Yavapai
Tax Parcel: 402-14-239b
Property Features
Building Type: 5+ Units
Construction: Brick; Frame - Steel
Cooling: Central Refriger; Gas Pack; Whole Bldg Fan; Zoned
External Amenities: Fence; Handicap Access; Landscaped; Patio/Deck/Balcony; Separate Storage; Sprinkler/Drip
Flooring: Carpet; Tile
Heating: Electric; Hot Water; Natural Gas; Steam; Zoned
Owner Pays: All
Records Available: Record of Survey; Other - See Remarks
Road Frontage Type: City Street; Private Road
Road Surface Type: Asphalt; Paved
Road Responsibility: Private Maintained Road
Roof: Welded Membrane; Other - See Remarks
Showing Requirements: Call Listing Office
Utilities Installed: 220; 3 Phase; Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Central Boiler; Re-Circulating; Two or More
Listing Office: Arizona Commercial
Last Updated: February - 24 - 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.