5635 59Th AveGlendale, AZ 85301

Property Details for 5635 59Th Ave

Year built

1974

Construction

CONCRETE

Lot size

0.69 AC

Property size (Sq ft)

3,400 SF

Zone code

C-C

Property type

Retail space

APN

144-32-001R

APU

14432001R

Description

This exceptional 16,140 square foot commercial land parcel presents a unique investment opportunity in Maricopa County. Located conveniently near Grand Avenue, this property boasts a highly desirable C-2 zoning designation, opening doors to a wide array of commercial development possibilities. The single-tenant zoning allows for focused development and streamlined operations. The substantial lot size offers ample space for a variety of projects, taking advantage of the high traffic counts in this strategic location. This property is ideal for businesses seeking high visibility and convenient access to major thoroughfares. The expansive acreage provides significant flexibility for design and construction, catering to a range of commercial ventures. With its prime location and favorable zoning, this land parcel represents a compelling opportunity for growth and profitability. Serious inquiries are encouraged to explore the potential of this exceptional commercial property. The property is zoned C-2, ensuring a variety of commercial uses are permitted. The size of the lot, 16,140 square feet (or approximately 16.14 acres), provides significant development potential. Its proximity to Grand Avenue ensures high visibility and accessibility for any business.

• CAP approach

  CAP return

  Valuation

  6%

  $923,249

  6.5%

  $852,230

  7%

  $791,356

• Comparable approach

  Method

  Valuation

  Relative Method

  $545,074

  Geo Method

  $545,074

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,652,180

  Mixed-Use / Specialty

  $853,130

  Hospitality / Lodging

  $631,042

  Office

  $852,164

  Institutional / Educational

  $888,319

  Residential Income

  $1,039,330

  Multifamily

  $1,224,690

  Automotive / Energy

  $761,416

  Parking / Income-Based Land

  $258,864

  Restaurant / Food Service

  $452,125

  Healthcare / Senior Housing

  $870,830

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5202

Longitude

-112.186

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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