Investment Overview
This ±0.57-acre parcel is a prime infill development opportunity located at 8910 N 8th St in the desirable North Central Phoenix submarket. Positioned directly adjacent to the Acacia Library and surrounded by established residential neighborhoods, the site offers an excellent location for new housing. The property is zoned R-4 and presents a unique opportunity to acquire a site with a city-approved project already in place. The site is fully approved for the development of “Acacia Affordable Housing,” a modern, three-story multi-family building comprising 20 residential units. Preliminary plans have already been submitted to the City of Phoenix, significantly streamlining the pre-construction process for a new owner. This existing approval provides a clear and immediate path to development, removing much of the entitlement risk and time typically associated with starting a new project from scratch.
Investment Highlights
- City Approved 3-Story Building with 20 Multi-Family Units
- Ingress/Egress on N 8th St
- Adjacent to Acacia Public Library
- Amenity Rich Area