$7,950,000
Glendale, AZ 85301
MLS# 7030134
1 / 1
Property 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.
Details
Maps
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
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.
Listing Office: Realty ONE Group
Last Updated: May - 19 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.