3047 N. 32nd Street in Phoenix, AZ is a .38-acre land site that is zoned R-O for proposed office space. The site is located in the desirable Arcadia Lite submarket, one of the Phoenix’s MSA’s most sought-after locations. Phoenix continues to experience unprecedented job growth and major economic developments in the area, which are fueling robust demand for multifamily housing in the market. Arcadia Lite is considered an extension of the prestigious Arcadia neighborhood in Phoenix and is beloved for its proximity to trendy local boutique shops, restaurants, and nightlife, its beautiful neighborhoods with unique, single-family homes situated on spacious lots, and its central location as it is within a 10-minute drive of Phoenix, Scottsdale, and the Phoenix Sky Harbor International Airport. The Arcadia Lite neighborhood also features stunning views of the iconic Camelback Mountain.