Crystal Cove Apartments
A 10.5 ACRE DEVELOPMENT OPPORTUNITY
Marketing description
Located along the high-visibility Central Avenue corridor in Avondale’s established West Valley submarket, the site offers immediate access to I-10, Loop 101, retail (Walmart, Sprouts, Costco ~2–6 miles), employment nodes, and daily conveniences. Strong surrounding residential and commercial density, combined with excellent traffic counts, supports leasing velocity and long-term value.
This is a de-risked, time-to-market opportunity. Buyers avoid years of entitlement risk and cost escalation. With Phoenix metro multifamily deliveries projected to drop sharply in 2026 (down ~50% from delivery peaks), this site positions the buyer to capture the market’s inflection point, delivering new product precisely when supply pressure eases and demand from sustained population and job growth accelerates absorption.
Investment highlights
Crystal Cove is a rare, fully entitled 10.59-gross-acre (9.53 net) development site positioned for immediate advancement into a 260-unit, Class A/B garden-style multifamily community. The project is zoned for high-density residential (PAD #PL-00-027) with site-plan and building entitlements in place. Detailed Design Development (DD) plans, complete with full architectural, structural, MEP, and site engineering, are available and can be delivered shovel-ready at closing, enabling the buyer to break ground shortly after escrow.
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