5544 N 59th Avenue # _ Glendale, AZ $ 7,950,000
5544 N 59th Avenue # _
$ 7,950,000
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5544 N 59th Avenue # _

Glendale, AZ, 85301
$ 7,950,000
Baths0.0

Monthly Estimate*

$ 48,950

5544 N 59th Avenue # _, Glendale, AZ 85301 - Image 1
Studio

Lots and Land for sale in Glendale, AZ

for $7,950,000. The lot size is 7.32.

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.

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Lots and Land Active

Price

$ 7,950,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 839

Style

Plans Available

Lot Size

7.32

Town/City

Glendale

County/Region

Maricopa

MLS | Web ID

7030134

Features
General
Sewer Sewer - Available Public Sewer
Development Status Other See Remarks Plans Available
Zoning [C-2] & [R-4]
Electric SRP
Topography Level
Township 2N
Unit Number _
Tax Year 2025
County Maricopa
Property Type Land
HOA N
Possible Use Multi-Family Commercial
Other Structures None
Special Listing Conditions N/A
Status Active
Directions Northwest Corner of 59th Ave & Missouri Ave
High School Glendale High School
City Glendale
Disclosures Seller Prop Disc Stm ALTA Survey Alba
High School District Glendale Union High School District
Lot Size Units Acres
Lot Size Square Feet 318750.0
Carport Y/N N
Elementary School William C Jack School
Tax Annual Amount 839.0
Middle/Junior High School Don Mensendick School
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Elementary School District Glendale Elementary District
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot _
New Financing: Conventional True
Senior Community N
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Exterior
Vegetation Natural Vegetation
Fencing None
Lot Features See Remarks East/West Exposure Corner Lot Dual Street Ftg North/South Exp
Water Source City Franchise
Lot Size Area 7.32
Spa N
Lot Dimensions 318 750
Lot Size Acres 7.32
Waterfront Y/N N
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 5544
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* Excluded Features
List By
Realty One Group

Broker

azad.zolnoorian@allazrealestate.com

Email

Affordability Calculator

$49,019
Per Month
100%
0%
0%
Monthly Principal & Interest
$48,950
Monthly Property Taxes
$70
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327799 Elementary School
4327001 Middle School
Glendale High School High School
Pricing History
DatePricePrice ChangeDescription
5/19/2026$7,950,000 Listed Price

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5544 N 59th Avenue # _, Glendale, AZ, 85301 is a Lots and Land for sale at $7,950,000 with a lot size of 7.32. 5544 N 59th Avenue # _ is a studio with 0.0 baths. The property's zip code is 85301 which is in Glendale, AZ