What is the asking price for Sun Rise Luxury Apartments?

The lease rate for space here is $5,995,000.

What is the total size of Sun Rise Luxury Apartments?

The total area of Sun Rise Luxury Apartments is 7 Acres.

How many parking spaces are available at Sun Rise Luxury Apartments?

Parking information for the property isn't currently listed. However, other nearby parking options include Glendale City Hall Parking Garage, located 1.44 miles away , and Parking - Taco Bell, which is 2.26 miles away.

5544 North 59th Avenue, Glendale, AZ 85301

For Sale $5,995,000
Property Type VacantLand
Lot Size 7 Acre
Zoning Multifamily
Date Updated Nov 6, 2026

Description

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.

Highlights

Centrally positioned with easy access to neighboring communities including Peoria, Phoenix, Surprise, and Avondale.
Convenient proximity to shopping centers, restaurants, schools, parks, and daily lifestyle amenities attractive to a broad renter demographic.
Excellent regional connectivity with convenient access to major transportation corridors including Loop 101, Interstate 10, and US-60 (Grand Avenue).
Located within one of the nations strongest population growth markets, supported by continued migration and economic expansion throughout the Phoenix MSA.
Minutes from major entertainment and lifestyle destinations including Westgate Entertainment District, State Farm Stadium, and Desert Diamond Arena.
Near major sports, tourism, and entertainment venues that continue to drive economic activity and long-term area growth.
Positioned within the highly desirable West Valley corridor of the greater Phoenix metropolitan area.
Strategically located near 59th Avenue & Missouri Avenue in the heart of rapidly growing Glendale.
Strong surrounding demographics with increasing demand for high-quality multifamily housing in the Glendale submarket.
Surrounded by strong employment drivers including healthcare, education, retail, logistics, hospitality, and expanding commercial developments throughout the West Valley.
Approximately 120-unit multifamily project with plans, permits, and entitlements already approved, allowing for an accelerated path to construction.
Construction-Ready Opportunity
Convenient access to major transportation corridors, freeways, employment hubs, retail centers, and surrounding communities throughout the West Valley.
Efficiently designed community featuring approximately 30 One-Bedroom Units and 90 Two-Bedroom Units, catering to strong renter demand in the market.
Excellent Accessibility
Exceptional Opportunity for Developers & Investors
Existing approvals and pre-development work significantly reduce entitlement timelines, development uncertainty, and holding costs.
Fully Entitled Development Opportunity
High-Demand Rental Market
Ideal for multifamily developers, builders, private investors, and institutional groups seeking a high-potential apartment development in a premier Arizona market.