$7,950,000

5544 N 59th Ave Glendale, AZ 85301

Estimated payment $42,469/month

7.32 Acres
$1,086,066 Price per Acre
318,859 Sq Ft Lot

Highlights

  • 7.32 Acre Lot
  • No HOA
  • East or West Exposure
  • Corner Lot

About This Lot

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.

Listing Agent

Azad Zolnoorian

Realty ONE Group License #SA524955000 Listed on: 05/19/2026

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $839

Lot Details

  • 7.32 Acre Lot
  • East or West Exposure
  • Corner Lot
  • Level Lot
  • Property is zoned [C-2] & [R-4]

Schools

  • William C Jack Elementary School
  • Don Mensendick Middle School
  • Glendale High School

Additional Features

  • North or South Exposure
  • Natural Gas Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot _
  • Assessor Parcel Number 144-29-002-A

Property Details

Property Type

Land

Est. Annual Taxes

$839

Lot Details

7.32 Acres

Listing Details

  • Cross Street: Northwest Corner of 59th Ave & Missouri Ave
  • Property Type: Land
  • Development Status: Plans Available, Other, See Remarks
  • Topography: Level
  • Zoning: [C-2] & [R-4]
  • Tax Year: 2025
  • Horses: No
  • Lot Size Acres: 7.32
  • Tax Parcel Letter: A
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Possible Use: Multi-Family, Commercial

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Dual Street Ftg, North/South Exp, East/West Exposure, See Remarks
  • Disclosures: Seller Prop Disc Stm, ALTA Survey Alba
  • Other Structures: None

Utilities

  • Electric: SRP
  • Water Source: City Franchise

Condo/Co-op/Association

  • Association: No

Schools

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

Lot Info

  • Lot Size: 318,750
  • Lot Size Sq Ft: 318750.0
  • Additional Parcels: No
  • Parcel #: 144-29-002-A

Tax Info

  • Tax Annual Amount: 839.0
  • Tax Book Number: 144.0
  • Tax Lot: _
  • Tax Map Number: 29.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/19/2026 05/19/26 For Sale $7,950,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $1,700,000 First American Title Ins Co
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $220,000 None Available
Warranty Deed -- None Available
Warranty Deed -- --
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7030134

Arizona Regional Multiple Listing Service (ARMLS)

APN: 144-29-002A

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