Listing provided courtesy of Realty ONE Group- MLS# 7030134MLS Provider

5544 N 59th Avenue #_Glendale, AZ 85301

Vacant Land · 7.32 Acres
$7,950,000 Active

5544 N 59th Avenue #_ Overview

Time on Site:
42 days
Visits:
4

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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

5544 N 59th Avenue #_ Facts & Features

  • Type Vacant Land
  • Lot 7.32 Acres

Details

General

Association/HOA

  • Association: false

Distance to Services

  • Distance To Electric Comments: On Property
  • Distance To Gas Comments: On Property
  • Distance To Phone Service Comments: On Property
  • Distance To Sewer Comments: On Property
  • Distance To Water Comments: On Property

School Information

  • School District: Glendale Union High School District
  • Elementary School: William C Jack School
  • Middle Or Junior School: Don Mensendick School
  • High School: Glendale High School

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Glendale
  • Township: 2N

Community/Development

  • Development Status: Other,See Remarks,Plans Available

Tax Information

  • Tax Annual Amount: $839.00
  • Tax Year: 2025

General Information

  • Disclosures: Seller Prop Disc Stm,ALTA Survey Alba
  • Listing Terms: Cash,1031 Exchange,Conventional
  • Parcel Number: 144-29-002-A
  • Possible Use: Multi-Family,Commercial
  • Property Type: Land
  • Special Listing Conditions: N/A
  • Zoning: C-2 & R-4

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Electric: SRP

Unit Information

  • Unit Number: _

Exterior

Lot Information

  • Additional Parcels: false
  • Lot Features: See Remarks,East/West Exposure,Corner Lot,Dual Street Ftg,North/South Exp
  • Lot Size Acres: 7.32
  • Lot Size Area: 7.32
  • Lot Size Dimensions: 318,750
  • Lot Size Square Feet: 318750.0
  • Lot Size Units: Acres
  • Topography: Level
  • Vegetation: Natural Vegetation
  • Water Source: City Franchise

General Information

  • Fencing: None
  • Horse: false
  • Other Structures: None
  • Sewer: Sewer - Available,Public Sewer

5544 N 59th Avenue #_ Neighborhood

Community

85301 (GLENDALE) Demographics

29
Median Age
7,461
Population Density (per sq. mile)
16%
College Educated
$38,454
Estimated Median Income
8,396
Estimated Total Home Owners
13,525
Estimated Total Renters
38% / 62%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

5544 N 59th Avenue #_ Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

5544 N 59th Avenue #_ Market Data

Based on the last 30 days in this zip code

$242,866
Average List Price
$183
Average Price per Square Foot
21
Properties Sold
94
Average Days on Market
168
Properties for Sale
Calculations provided by Reliance Network

5544 N 59th Avenue #_ History

Date Event Value Agent
5/18/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
May 18, 2026