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- LoopNet Team
2610-2620 N 52nd St
Phoenix, AZ 85008
Arancia - 29 Unit Development Opportunity · Land For Sale
·
1.75 AC
Investment Highlights
- Prestigious Lower Arcadia Location
- High-Demand Rental Market with Strong Fundamentals (Submarket Rents Averaged $1,577 and Increased 18.3% Year-Over-Year).
- Single-Family Home Ownership in East Phoenix is Cost-Prohibitive, Driving a Need for High-Quality Multifamily Housing
- ±1.71-Acre Site will be Delivered Fully Entitled with Permits, Allowing for an Expedited Development Timeline
- Condo Conversion as an Exit Strategy (Median Sale Prices for New Townhomes in East Phoenix is ±$690,000)
- Exclusive Micro-Location South of the Camelback Corridor’s Premiere Upscale Shopping, Dining, and Employment Offerings
Property Facts
Description
CBRE is pleased to present Arancia at Arcadia South, a 29-unit three-story townhome development opportunity in the dynamic East Phoenix neighborhood of Lower Arcadia. The ±1.71-acre site will be delivered fully entitled with permits approved by the City of Phoenix, allowing new ownership to commence development immediately. Arancia at Arcadia South provides the rare opportunity to develop a brand-new contemporary townhome community. The project is surrounded by excellent demand drivers positioning the community for long-term growth in an exclusive and sought-after core submarket.
Property Taxes
| Parcel Number | 126-15-001C | Improvements Assessment | $0 |
| Land Assessment | $94,057 | Total Assessment | $94,057 |
Property Taxes
