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

5544 N 59th Avenue _, Glendale, AZ 85301

New Listing

$7,950,000

Property Type: Land Lot Size (sq. ft.): 318,750 Status: Active

Current Price: $7,950,000 List Date: 5/19/2026 Last Modified: 5/19/2026

Overview

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 c ... (Read more)

Listing Details MLS# 7030134

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
Lot #: _
Assessor's Map #: 29
Legal Description (Abbrev): SE4 NE4 E 330' EX W 20F & EX N 30F & S 40F & E 55F RDS
Assessor's Parcel #: 2
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Glendale
Census Tract: 93105
Taxes: 839
Marketing Name: Sun Rise Luxury Apartment

Contract Information

For Sale or Lease?: Sale
Type: Exclusive Right To Sell

General Property Description

Apx Total Acres: 7.32
Apx Total Acres G/N: G
Price Per Acre: 1086065.57
Apx SqFt: 318750
Price Per SqFt: 24.94
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

Legal Info

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

Showing Notification Methods

Showing Service: Aligned Showings
Text: Yes
Phone Call: Yes

More Information

Contact Info

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

Special Listing Cond

N/A: Yes

Pmt & Rate Info

Equity: 7950000
Total Owed: 0

Assoc/Prop Info

HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0

Lockbox Type

None: Yes

Existing Land Use

Commercial Lot: Yes
Other (See Rmks): Yes

Zoned Presently

Multi-Family: Yes
Commercial: Yes

Potential Use

Multi-Family: Yes
Commercial: Yes

Parcel Size

5.00 - 9.99 Acres: Yes

Current Density

16 - 20 Units P/Acre: Yes

Proposed Density

16 - 20 Units P/Acre: Yes

Development Status

Plans Available: Yes
Other: Yes
See Remarks: Yes

Land Features

Corner Lot: Yes
Dual Street Ftg: Yes
North/South Exp: Yes
East/West Exposure: Yes
See Remarks: Yes

Vegetation

Natural Vegetation: Yes

Fencing

None: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes
Sewer - Available: Yes

Electric

SRP: Yes

Topography

Level: Yes

Gas

None: Yes

Existing Structures

None: Yes

Distance to Cable

On Property: Yes

New Financing

Cash: Yes
Conventional: Yes
1031 Exchange: Yes

Distance to Phone

On Property: Yes

Distance to Water

On Property: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Distance to Electric

On Property: Yes

Existing 1st Loan Type

Not Applicable: Yes

Distance to Gas

On Property: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Distance to Sewer

On Property: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes
ALTA Survey Alba: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Other Loan

Not Applicable: Yes

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: May - 19 - 2026