Land in the heart of Arcadia District sells for over $1 million

The property consisted of three lots all with vacant homes on the property.  The buyer, E Investment Properties, Inc. recently purchased the assemblage for $1,050,000 at 2945-3007 37th St. in Phoenix. This core submarket is going through significant revitalization which includes redevelopments of apartment and condo complexes, so the developer has plans of building a multifamily project.…