5544 N 59th Avenue _, Glendale, AZ 85301 (MLS# 7030134)

5544 N 59th Avenue _, Glendale, AZ 85301

$6,995,000
Property Type: Land Lot Size (sq. ft.): 318,750 Status: Active
Current Price: $6,995,000 List Date: 5/19/2026 Last Modified: 7/30/2026

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.

Supplements: 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.

More Information MLS# 7030134

Contract Information

Current Price: $6,995,000 List Price: $6,995,000 Status: Active List Date: 2026-05-18 For Sale or Lease?: Sale Type: Exclusive Right To Sell

Location Tax Legal

House Number: 5544 Compass: N Street Name: 59th St Suffix: Avenue City/Town Code: Glendale State/Province: AZ Zip Code: 85301 Zip4: 5805 Country: US County Code: Maricopa Assessor Number: 144-29-002-A Tax Year: 2025

General Property Description

Apx Total Acres: 7.32 Apx Total Acres G/N: G Price Per Acre: 955601.09 Apx SqFt: 318750 Price Per SqFt: 21.95 Apx SqFt G/N: G Lot Size Dimensions: 318,750 Horses: N Zoning: [C-2] & [R-4] Flood Zone: TBD Elementary School District: Glendale Elementary District High School District: Glendale Union High School District Elementary School: William C Jack School Jr. High School: Don Mensendick School High School: Glendale High School

Remarks Misc

Cross Street: Northwest Corner of 59th Ave & Missouri Ave Directions: Northwest Corner of 59th Ave & Missouri Ave Geo Lat: 33.518628 Geo Lon: -112.186894

Legal Info

Township: 2N Range: 2E Section: 18 Lot Number: _

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 480-695-4850 List Agent Hme Phn 2: 480-695-4850 List Agent Cell Phn2: 480-695-4850

Property Features

Special Listing Cond: N/A Existing Land Use: Commercial Lot; Other (See Rmks) Zoned Presently: Multi-Family; Commercial Potential Use: Multi-Family; Commercial Parcel Size: 5.00 - 9.99 Acres Current Density: 16 - 20 Units P/Acre Proposed Density: 16 - 20 Units P/Acre Development Status: Plans Available; Other; See Remarks Land Features: Corner Lot; Dual Street Ftg; North/South Exp; East/West Exposure; See Remarks Vegetation: Natural Vegetation Topography: Level Existing Structures: None Water Source: City Franchise Sewer: Sewer - Public; Sewer - Available Electric: SRP Gas: None Distance to Cable: On Property Distance to Phone: On Property Distance to Water: On Property Distance to Electric: On Property Distance to Gas: On Property Distance to Sewer: On Property Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Other Loan: Not Applicable New Financing: Cash; Conventional; 1031 Exchange Environmental: None Showing Notification Methods: Text; Phone Call Lockbox Type: None Fencing: None
Listing Office: Realty ONE Group
Last Updated: July - 30 - 2026
5544 N 59th Avenue _, Glendale, AZ 85301- MLS# 7030134
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