5544 N 59th Avenue Unit _, Glendale, AZ 85301
- $7,950,000
- List Price
- $7,950,000
- Days on Market
- 70
- Status
- ACTIVE
- MLS#
- 7030134
- City
- Glendale
- Lot Size
- 318,750
Property Description
Prime Glendale Multifamily Development Opportunity. Located in the heart of rapidly growing Glendale, this exceptional ±7-acre multifamily development site presents a rare turnkey opportunity for developers and builders seeking a construction-ready apartment project in one of the Phoenix metro area's strongest rental markets. Strategically positioned near 59th Avenue & Missouri Avenue, the property is fully approved for 120 apartment units (30 One-Bedroom Units & 90 Two-Bedroom Units), with plans, permits, and entitlements already in place--helping significantly reduce development timelines, risk, and carrying costs. The project is thoughtfully designed for a modern multifamily community, featuring attractive unit layouts, ample parking, landscaped common areas, and resident-focused amenities. With approvals secured, a developer can move directly toward construction and capitalize on the strong demand for quality rental housing in Glendale and the West Valley corridor. The site offers excellent accessibility, strong surrounding demographics, and close proximity to major employment centers, retail destinations, schools, entertainment venues, and freeway access. Minutes from destinations including Westgate Entertainment District, State Farm Stadium, and Desert Diamond Arena, the property is ideally positioned to serve the area's expanding population and workforce. This is an outstanding opportunity for investors, builders, and multifamily developers seeking a high-potential, fully entitled apartment development in a prime Arizona location.
Additional Information
- Elementary School
- William C Jack School
- High School
- Glendale High School
- Middle School
- Don Mensendick School
- Acres
- 7.32
- Electric
- SRP
- Fencing
- None
- Lot Size
- 318,750
- New Financing
- Cash, Conventional, 1031 Exchange
- Lot Features
- Corner Lot, Dual Street Ftg, North/South Exp, East/West Exposure, See Remarks
- Sewer
- Sewer - Available
- Taxes
- $839
- Tax Year
- 2025
- Vegetation
- Natural Vegetation
- Water
- City Franchise
- Zoning
- [C-2] & [R-4]
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Listing courtesy of Realty ONE Group.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.