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About This Home
This land at 5544 N 59th Avenue in Glendale, AZ is listed for $7,950,000 (7.32 acres).
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.
Key Features
- 7.32 acre lot
Property Details
Location
5544 N 59th Avenue
Glendale, AZ 85301
Questions & Answers
This 0-bedroom, 0-bathroom land at 5544 N 59th Avenue is listed at $7,950,000. The estimated monthly payment is $34,450 based on 20% down at 6.5% interest.
Key features include: 7.32 acre lot.
This property is listed by Azad Zolnoorian and can be reached at 6024467000 or azad.zolnoorian@allazrealestate.com.
