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30914559
30914562

8910 N 8th St, Phoenix, AZ 85020

DR
AZ 670916000
Commercial Properties Inc Tempe
Listed by Commercial Properties Inc Tempe
$580,000
615 days on market
Updated 37 days ago

8910 N 8th St

Details
APN 160-03-077C
Property Type Multifamily, Land
Sub Type Commercial, Apartment Building
Square Footage 25,132
Units 20
Stories 3
Acreage 0.570
Zoning R-4
Parking Spaces 18 spaces
Parking Per SqFt 0.72

Multifamily | 20 Units

Marketing description

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.

The property sits in an amenity-rich and established section of North Central Phoenix, positioned in the heart of the vibrant Sunnyslope neighborhood. Just west of the site is the expansive HonorHealth John C. Lincoln Medical Center, serving as a major regional employer, alongside established educational institutions like Sunnyslope High School. Surrounding the property along the 7th Street and Cave Creek Road corridors is a dense lineup of daily conveniences, providing future residents with immediate access to national retailers including Fry’s Food Stores, Walmart Neighborhood Market, and Planet Fitness. This strong concentration of essential retail, alongside local recreation like Palma Park and the Let It Roll Entertainment Center, creates a dynamic, highly walkable environment with excellent built-in appeal for a new multifamily community.

Investment highlights

  • 3-story Building
  • 20 Multifamily Units
  • 10 Single-car Garages
  • Ingress/egress on N 8th St
  • 18+ Parking Lot Spaces
  • Apartment Complex Zoning R-4
  • Adjacent to Acacia Public Library
  • Amenity Rich Area

Listing Contacts

DR
AZ 670916000
Commercial Properties Inc Tempe
Listed by Commercial Properties Inc Tempe

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