2610-2620 N 52nd St
Phoenix, AZ 85008
Arancia - 29 Unit Development Opportunity · Land For Sale · 1.75 AC

Arancia is a fully approved, permit ready, prime development opportunity in the south-Arcadia area of central Phoenix. The property is located just south of Thomas Road on 52nd Street, just over three miles to the heart of Old Town Scottsdale (less than 10 minutes away). It is in the “bullseye” of the Valley, less than 15 minutes to the Biltmore area to the northwest, Downtown Phoenix to the southwest, Arizona State University / Mill Avenue / Tempe Town Lake to the southeast, and Sky Harbor International Airport to the south. The heart of Arcadia and all that it has to offer is less than 10 minutes north. This location is as central as it gets and allows residents to enjoy with ease, so much of what Phoenix has to offer. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this property will prove to be a phenomenal development opportunity for someone who wants a fantastic property in a phenomenal, central location. Arancia is a fully approved project featuring 29 well-planned two-bedroom + office units (1,683 SF each). Both bedrooms have ensuite bathrooms (dual masters) and private balconies. The units include living space on the second floor with a large great room / open floor plan, huge kitchen island, and multiple balconies. The office is situated on the first floor with a bathroom, and there is an additional half bath on the main living level. Every unit has its own 2-car garage. The project features beautiful amenities with a luxury pool and covered outdoor space. Each unit is planned to have individual laundry units on the third floor next to the bedrooms as well as large walk-in closets. The project can be built as an apartment / rental community, but also has the option of an easy conversion to condos to allow for individual home sales as an alternative exit strategy (in one of the most expensive sub-markets in Arizona). This is a rare, permit-ready development opportunity in one the best areas in all of Phoenix.