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5544 N 59th Avenue _, Glendale, AZ 85301

$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

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

Type: Exclusive Right To Sell For Sale or Lease?: Sale Current Price: $7,950,000 List Price: $7,950,000 Status: Active List Date: 2026-05-18

Location, Tax & Legal

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 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: 1086065.57 Apx SqFt: 318750 Price Per SqFt: 24.94 Apx SqFt G/N: G Lot Size Dimensions: 318,750 Flood Zone: TBD Horses: N 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 Zoning: [C-2] & [R-4]

Legal Info

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

Special Listing Cond

N/A: 1

Pmt & Rate Info

Equity: 7950000 Total Owed: 0

Assoc/Prop Info

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

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Phone Call: 1

Lockbox Type

None: 1

Existing Land Use

Commercial Lot: 1 Other (See Rmks): 1

Zoned Presently

Multi-Family: 1 Commercial: 1

Potential Use

Multi-Family: 1 Commercial: 1

Parcel Size

5.00 - 9.99 Acres: 1

Current Density

16 - 20 Units P/Acre: 1

Proposed Density

16 - 20 Units P/Acre: 1

Development Status

Plans Available: 1 Other: 1 See Remarks: 1

Land Features

Corner Lot: 1 Dual Street Ftg: 1 North/South Exp: 1 East/West Exposure: 1 See Remarks: 1

Vegetation

Natural Vegetation: 1

Fencing

None: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1 Sewer - Available: 1

Electric

SRP: 1

Topography

Level: 1

Gas

None: 1

Existing Structures

None: 1

Distance to Cable

On Property: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Distance to Phone

On Property: 1

Distance to Water

On Property: 1

Existing 1st Loan

Treat as Free&Clear: 1

Distance to Electric

On Property: 1

Existing 1st Loan Type

Not Applicable: 1

Distance to Gas

On Property: 1

Existing 1st Loan Terms

Not Applicable: 1

Distance to Sewer

On Property: 1

Existing 2nd Loan

Treat as Free&Clear: 1

Existing 2nd Loan Type

Not Applicable: 1

Existing 2nd Loan Terms

Not Applicable: 1

Existing 3rd Loan

Treat as Free&Clear: 1

Existing 3rd Loan Type

Not Applicable: 1

Reports/Disclosures

Seller Prop Disc Stm: 1 ALTA Survey Alba: 1

Existing 3rd Loan Terms

Not Applicable: 1

Environmental

None: 1

Contact Info

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

Existing Other Loan

Not Applicable: 1

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

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
IDX
Last Updated: May - 19 - 2026
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