22658 S State Route 89, Yarnell, AZ

Multi-family for Sale - $2,750,000


Agent Info

Scott Hotchkiss
Coldwell Banker Commercial Realty

Property Info

CIMLS#1179788
Location
  22658 S State Route 89
  Yarnell AZ 85362
UpdatedSeptember 24th, 2025
TypeMulti-family
Price$2,750,000

Property Description

22628 & 22632 S State Route 89 – Parcel 203-09-044A (0.77 acres) Two single-story ranch-style residential buildings:

1,004 SF , built in 1940

1,644 SF , built in 1944

Zoned residential with Yarnell Elementary SD #52 and Yarnell Fire District

Assessed LPV (2026): $149,056

2024 Taxes: $1,903

22658 S State Route 89 – Parcel 203-09-045A (1.3 acres) 1,025 SF duplex (1932)

2,084 SF motel structure (1967)

Mobile home park structure with recorded area

Mixed-use zoning

Assessed LPV (2026): $194,419

2024 Taxes: $3,317

22720 S State Route 89 – Parcel 203-09-055 (0.68 acres) Multiple improvements including:

Three apartments (built 1934 & 1955)

Restaurant (1,442 SF)

Duplex (513 SF)

Mobile Home Park designation

Assessed LPV (2026): $189,514

2024 Taxes: $2,908

Development Opportunity These properties collectively present a rare opportunity for redevelopment or value-add investment along the primary corridor of Yarnell. Current improvements include residential units, motel rooms, a restaurant space, and mobile home infrastructure—all of which can be renovated or reimagined.

Yarnell's Emerging Growth Potential Yarnell, located along State Route 89 between Phoenix and Prescott, is positioned for potential growth due to renewed economic interest in the area:

A nearby gold mine —reportedly under ownership by a cryptocurrency company backed by physical gold —has sparked interest in the region as a hub for resource-backed digital finance and resource-based economic revitalization .

This alternative finance model could bring investor attention, workforce housing demand, and retail services to support a growing local economy.

As Yarnell transitions from a quiet mountain town to a strategic waypoint between Arizona’s economic corridors, these parcels are well-positioned for developers, hospitality investors, or housing operators seeking foothold in an appreciating market.


Financials