5814 Olive AveGlendale, AZ 85302

Property Details for 5814 Olive Ave

Lot size

0.03 AC

Zone code

C-1

Property type

Strip malls

Property subtype

Neighborhood centers

APN

148-22-001Z

APU

14822001Z

Description

This exceptional retail opportunity, located at 5814 W Olive Ave in Glendale, Arizona (zip code 85302), offers 63,481 square feet of space in a multi-tenant building. Four suites are available, with a minimum divisible space of 3,006 square feet and a maximum contiguous space of 28,685 square feet. Currently, 60,744 square feet are vacant, presenting a significant opportunity for businesses seeking prime retail space in a high-traffic area. The property is zoned C-C, ensuring flexibility for a variety of retail uses. Its strategic location directly across from Glendale Community College, with its 19,000 students, provides a built-in customer base. Furthermore, its proximity to major transportation arteries, including the US-60 Freeway (Grand Avenue, approximately 2 miles away), and the Metrocenter Mall (just over 3 miles away), ensures high visibility and accessibility. Metrocenter features anchor tenants such as Walmart, Dillard's, Harkins Theatres, and more, further enhancing the area's retail appeal. The property also benefits from a strong industrial employment core to the west and southwest, and is surrounded by densely populated neighborhoods. This combination of factors makes this property an ideal location for businesses seeking high visibility, strong foot traffic, and a diverse customer base in a thriving Maricopa County market.

• CAP approach

  CAP return

  Valuation

  6%

  $322,368

  6.5%

  $297,571

  7%

  $276,316

• Comparable approach

  Method

  Valuation

  Relative Method

  $521,699

  Geo Method

  $521,699

• Alternative Use

  Use

  Valuation

  Residential

  $251,012

  Hospitality

  $229,926

  Educational

  $191,296

  Medical

  $197,874

  Retail

  $297,571

Location Insight

City

Glendale

County

Maricopa

State

Arizona

Latitude

33.5688

Longitude

-112.184

CBSA code

38060

CBSA name

PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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