Commercial Land
5810 North 59th Drive Glendale, AZ 85301
Details & Description
Price: $795,000
    City approved zoning and design ready to go for a 33 unit modern apartment development. Developers can simply give architect the go ahead to finish construction docs and start building in just a few months. Fantastic rental area, with almost zero lease up time. The last new development leased up over 40 units per month. Gated, all 2 BR/2 BA design with washer dryer, individually metered, and nice sized balcony's accessible from both the living room and master bedroom. There are four (4) identical 8-plex buildings, easy and efficient build out. Cash sale preferred. Open to negotiation on JV with some cash down and an above list price offer. R-4 zoning allows for up to 70 units to be built (20 units/acre) should owner wish to do a different layout than currently designed and City of Glendale approval is obtained. Parking spaces required at a ratio of 2.3 spaces/unit.The proposed project will consist of the development of a vacant site of approximately 3.5 acres into 33 rental apartment units with supporting parking, and amenity areas. The apartment units will be contained within four two-story buildings arranged around interconnecting courtyards and gardens. Three of the four buildings will be arranged around the main amenity courtyard containing a pool, spa, shaded ramada, and BBQ grill. Other provided amenities include a community garden, tot lot, dog run, and exercise path along a landscaped retention area. Generous garden and landscaped areas will be provided to create a pleasing setting for the buildings, and to create useable outdoor spaces for the residents.The residential units will provide 2-bedroom/2-bathroom configuration with Living Room, Dining Room, Kitchen, washer and dryer, closets, and other supporting spaces. Each unit will have its own private patio or balcony facing the courtyards, or landscaped areas of the development.The two-story buildings are residentially scaled and have been designed with a Spanish-colonial and Mediterranean influence in mind. This architectural character is appropriate for our Arizona desert environment. The predominant exterior material is stucco with accent banding and concrete tile roofs. The varying roof elements, columns, arches, and balcony railings add variation to the elevations and create familiar and comfortable forms. The color variations between the different elements are subtle desert tones that complement nearby developments.The project includes the renovation of an existing one-story structure into a leasing office facing 59th Avenue. The improvements will include a complete interior renovation to provide a leasing office, leasing reception, guest accessible restroom, and a separate one-bedroom suite (a 33rd unit) for the project’s leasing manager. Alternatively this space could be utilized for a club house or work out room for the community. The exterior of the existing structure will also be renovated to match the architectural character of the proposed residential buildings. The southern portion of the house could potentially be shaved off to make room for a double wide emergency exit gate. There are 3 potential entrances/exits on this property should one wish to reconfigure the layout. Lots of options and possibilities.The vision for the project is to provide a quaint residential community that provides efficient and comfortable dwelling units, and a variety of amenities that enhance the lives of its residents and strengthens their sense of community.
    Additional Photos
    Listing Agents
    Carrick Sears

    O: 480-425-5529
    carrick.sears@svn.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    5810 North 59th Drive

    Glendale, AZ 85301

    Listing ID: 235469
    • 5810 North 59th Drive Glendale, AZ 85301 | for Sale | Photo 1
    • 5810 North 59th Drive Glendale, AZ 85301 | for Sale | Photo 2
    • 5810 North 59th Drive Glendale, AZ 85301 | for Sale | Photo 3
    • 5810 North 59th Drive Glendale, AZ 85301 | for Sale | Photo 4
    • 5810 North 59th Drive Glendale, AZ 85301 | for Sale | Photo 5
    5810 North 59th Drive | for Sale | Thumbnail 1
    5810 North 59th Drive | for Sale | Thumbnail 2
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    5810 North 59th Drive | for Sale | Thumbnail 5
    Building Size: --
    Lot Size: 3.510 AC
    Land Size: 152,895 SF
    Building $/SF:
    Land $/SF: $5.20
    Price
    $795,000
    Description

    City approved zoning and design ready to go for a 33 unit modern apartment development. Developers can simply give architect the go ahead to finish construction docs and start building in just a few months. Fantastic rental area, with almost zero lease up time. The last new development leased up over 40 units per month. Gated, all 2 BR/2 BA design with washer dryer, individually metered, and nice sized balcony's accessible from both the living room and master bedroom. There are four (4) identical 8-plex buildings, easy and efficient build out. Cash sale preferred. Open to negotiation on JV with some cash down and an above list price offer. R-4 zoning allows for up to 70 units to be built (20 units/acre) should owner wish to do a different layout than currently designed and City of Glendale approval is obtained. Parking spaces required at a ratio of 2.3 spaces/unit.

    The proposed project will consist of the development of a vacant site of approximately 3.5 acres into 33 rental apartment units with supporting parking, and amenity areas. The apartment units will be contained within four two-story buildings arranged around interconnecting courtyards and gardens. Three of the four buildings will be arranged around the main amenity courtyard containing a pool, spa, shaded ramada, and BBQ grill. Other provided amenities include a community garden, tot lot, dog run, and exercise path along a landscaped retention area. Generous garden and landscaped areas will be provided to create a pleasing setting for the buildings, and to create useable outdoor spaces for the residents.

    The residential units will provide 2-bedroom/2-bathroom configuration with Living Room, Dining Room, Kitchen, washer and dryer, closets, and other supporting spaces. Each unit will have its own private patio or balcony facing the courtyards, or landscaped areas of the development.

    The two-story buildings are residentially scaled and have been designed with a Spanish-colonial and Mediterranean influence in mind. This architectural character is appropriate for our Arizona desert environment. The predominant exterior material is stucco with accent banding and concrete tile roofs. The varying roof elements, columns, arches, and balcony railings add variation to the elevations and create familiar and comfortable forms. The color variations between the different elements are subtle desert tones that complement nearby developments.

    The project includes the renovation of an existing one-story structure into a leasing office facing 59th Avenue. The improvements will include a complete interior renovation to provide a leasing office, leasing reception, guest accessible restroom, and a separate one-bedroom suite (a 33rd unit) for the project’s leasing manager. Alternatively this space could be utilized for a club house or work out room for the community. The exterior of the existing structure will also be renovated to match the architectural character of the proposed residential buildings. The southern portion of the house could potentially be shaved off to make room for a double wide emergency exit gate. There are 3 potential entrances/exits on this property should one wish to reconfigure the layout. Lots of options and possibilities.

    The vision for the project is to provide a quaint residential community that provides efficient and comfortable dwelling units, and a variety of amenities that enhance the lives of its residents and strengthens their sense of community.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Glendale History of Commercial Land for Sale

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    Glendale Area Market Trends

    Listing Demographics for 5810 North 59th Drive Glendale, AZ 85301

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population28,328214,892539,850
    Population Median Age303232
    Population by Age0-9 Yrs5886 (20%)38471 (17%)92530 (17%)
    10-19 Yrs5268 (18%)37455 (17%)92562 (17%)
    20-29 Yrs3844 (13%)34298 (15%)87911 (16%)
    30-39 Yrs3612 (12%)29168 (13%)72905 (13%)
    40-49 Yrs3988 (14%)26627 (12%)68102 (12%)
    50-59 Yrs2760 (9%)22536 (10%)58047 (10%)
    60-69 Yrs1735 (6%)14578 (6%)38624 (7%)
    70+ Yrs1235 (4%)11759 (5%)29170 (5%)
    Median HH Income$31,460$40,915$44,423
    Total Household Income< 24K3458 (42%)18046 (29%)41161 (26%)
    25-49K2464 (30%)18888 (30%)46392 (29%)
    50-74K1273 (15%)11767 (18%)30901 (19%)
    75-99K505 (6%)5851 (9%)16938 (10%)
    100-199K428 (5%)6664 (10%)18753 (12%)
    200K+21 (0%)721 (1%)2027 (1%)
    Highest Education LevelNo Diploma61654006595485
    Diploma or GED49513784495658
    Some College25342444863968
    Assoc. Degree794788621225
    Bachelors Degree506798124014
    Higher Degree350331910301
    Total Housing Units9,05567,712170,021
    --Owner-Occupied2,54528,46777,440
    --Renter-Occupied5,60433,46978,732
    Owner-Occupied Values< 100K1054690416002
    100-199K11941493841376
    200-299K209547516488
    300-399K655332090
    400-499K0239665
    500K+23378818
    Total Working Age Population19,172153,994392,749
    In Work Force10,95596,097250,908
    Not In Work Force8,21657,896141,841
    Workforce Employed10,06389,320233,211
    Workforce Unemployed8766,69017,458
    Civlian Workforce10,93996,010250,670
    Military Workforce1687239
    Total Households8,14961,937156,172
    Family Households5,35643,815111,956
    Non-Family Households2,79318,12244,216
    Married Couple2,56224,25063,952
    Other Family2,79419,56548,004
    Married w/Child1,48313,28733,158
    Single Male w/Child4073,5367,766
    Single Female w/Child1,3947,97120,360

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Arizona5,130,632+256,392,017+147,286,100+148,284,900
    Maricopa County3,072,149+243,817,117+164,436,900+155,107,700
    Pinal County179,727+109375,770+24466,200+32616,200

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 5810 North 59th Drive in Glendale?
    The asking price for 5810 North 59th Drive is $795,000
    How much land does the Glendale, AZ property at 5810 North 59th Drive include?
    5810 North 59th Drive in Glendale includes 3.510 acres of land
    What kind of Land is the propery at 5810 North 59th Drive?
    The property at 5810 North 59th Drive Glendale, AZ 85301 is listed as a Single Family Land Land property
    What is the population within 1 mile of 5810 North 59th Drive in Glendale?
    The population within 1 mile of 5810 North 59th Drive Glendale, AZ 85301 is 28,328 people.
    Who do I contact for questions about 5810 North 59th Drive?
    You should contact the listing agent, Carrick Sears, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    Phoenix Sky Harbor International Airport (PHX) 12
    Tucson International Airport / Morris Air National Guard Base (TUS) 121
    McCarran International Airport (LAS) 244
    Price
    $795,000
    Listing Agent
    More listings from Carrick Sears
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