8910 N 8Th St Phoenix, AZ 85020
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.
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Acacia Townhomes Housing Development
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.