Arancia - 29 Unit Development Opportunity
1.75 Acres of Residential Land in Phoenix, AZ 85008
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
- Property Type
-
Land
Listing Contacts
John Klocek
Verified Profile
Patrick Burch
Verified Profile
- Property Info
Property Overview
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.
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.
Property Details
- Property Subtype
- Residential/Multifamily
Highlights
- Fully Approved Plans for (29) 2-Bedroom / 3.5-Bathroom + Office Units
- Approved PUD Allows for Rental or for Sale Product Giving a Developer Multiple Exit Strategies
- Located in the Heart of the Metroplex in the Extremely Popular Arcadia Area, Less Than 10 Minutes to Downtown Scottsdale
- Private 2-Car Garage for Each Unit
- Less Than 15 Minutes to the Biltmore, ASU / Tempe, Sky Harbor International Airport, & Downtown Phoenix
- Each Unit is Planned to Be 1,683 Square Feet With Dual Masters That Each Have Their Own Balconies
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