10000 E University Drive, Prescott Valley, AZ 86314

$15,000,000
Property Type: Multi-Family Square Footage: 54,552 Lot Size (sq. ft.): 2,147,944 Status: Active
Current Price: $15,000,000 List Date: 2/24/2026 Last Modified: 2/24/2026

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.

More Information MLS# 1079756

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
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