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7931 Encanto Boulevard - Encanto Estates 15 Acres of Residential Land in Phoenix, AZ 85037
Investment Highlights
- Planned for a 299-unit multifamily development.
- Situated across from Talking Stick Resort Amphitheatre.
- Located on a 15-acre residential land site.
- Near the proposed I-10 light rail extension.
Executive Summary
Encanto Estates, a 299-unit multi-family community located in Phoenix, AZ. Encanto Estates is directly across from the Talking Stick Resort Amphitheatre, the newly proposed I-10 light rail extension, and numerous new industrial and multi-family developments that will provide new job and growth opportunities to an emerging submarket in the Phoenix area. The site is also located within an Opportunity Zone, which will allow the sponsor to take advantage of favorable tax incentives and capitalize on the city’s investment into this high growth market. Continued coastal migration, robust employment growth, relative affordability, and good quality of life have strengthened the Phoenix multi-family sector in the past year.
Property Facts
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 15.00 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | PR - Permit Ready | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Commercial |
| Total Lot Size | 15.00 AC |
| Opportunity Zone |
Yes |
| Zoning | PR - Permit Ready |
1 Lot Available
Lot
| Lot Size | 15.00 AC |
| Lot Size | 15.00 AC |
Encanto Estates, a 299-unit multi-family community located in Phoenix AZ.
Description
The property consists of approximately 15.00 acres of residential development land identified as Encanto Estates. Marketing materials reference a proposed 299-unit multifamily project. The site is located on Encanto Boulevard in Phoenix, Arizona, across from Talking Stick Resort Amphitheatre and near the proposed I-10 light rail extension. The property is identified as being within a designated Opportunity Zone and is marketed with permit-ready zoning status. Link to drone footage: https://f.io/Oo5wPBzs
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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