7.32 Acres Lot
7.32 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7030134
HOA Y/N No
Annual Tax Amount $839
Tax Year 2025
Lot Size 7.317 Acres
Acres 7.32
Lot Dimensions 318,750
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
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.
Location
State AZ
County Maricopa
Area Maricopa
Zoning [C-2] & [R-4]
Direction Northwest Corner of 59th Ave & Missouri Ave
Interior
Flooring Flooring
Exterior
Fence None
Topography Level
Private Pool No
Building
Lot Description See Remarks, East/West Exposure, Corner Lot, Dual Street Ftg, North/South Exp
Sewer Sewer - Available, Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools William C Jack School
Middle Schools Don Mensendick School
High Schools Glendale High School
School District Glendale Union High School District
Others
Senior Community No
Tax ID 144-29-002-A
Acceptable Financing Cash, 1031 Exchange, Conventional
Horse Property N
Disclosures Seller Prop Disc Stm, ALTA Survey Alba
Listing Terms Cash, 1031 Exchange, Conventional
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
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14201 n Hayden rd, Ste c4, Scottsdale, Az, 85260, United States