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10501 59th ave - NEC 59th Avenue & Elliot Road 26.53 Acres of Residential Land in Laveen, AZ 85339
Investment Highlights
- Adjacent to large residential expansions and major Loop-202 corridor infrastructure
Executive Summary
Introducing a premier development opportunity at 10501 S 59th Ave, Laveen, AZ, positioned at the highly desirable NEC of 59th Ave & Elliot Road. This 26.53-acre site comes fully entitled for 299 Build-to-Rent units, offering a shovel-ready path for developers seeking scale in one of Phoenix’s fastest-growing submarkets.
Situated near the Loop-202 South Mountain Freeway corridor, the property benefits from exceptional accessibility, robust population growth, and expanding residential and commercial development. This is an ideal location for a high-demand, high-absorption BTR community.
Situated near the Loop-202 South Mountain Freeway corridor, the property benefits from exceptional accessibility, robust population growth, and expanding residential and commercial development. This is an ideal location for a high-demand, high-absorption BTR community.
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 26.53 AC |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 26.53 AC |
1 Lot Available
Lot 299
| Lot Size | 26.53 AC |
| Lot Size | 26.53 AC |
Description
This property is located at the northeast corner of 59th Ave & Elliot Rd and entitled for 299 BTR units. Approximately $10,000,000 has already been invested in horizontal improvements on the site. The remaining cost for additional horizontal improvements is estimated to be $7,000,000. Buyer to offer based upon horizontal improvements being completed and the remaining costs to be reduced from the purchase price at close of escrow. Remaining improvements expected to take ±6 months.
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Property Taxes
| Parcel Number | 300-02-933 | Improvements Assessment | $0 |
| Land Assessment | $417,755 | Total Assessment | $417,755 |
Property Taxes
Parcel Number
300-02-933
Land Assessment
$417,755
Improvements Assessment
$0
Total Assessment
$417,755
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10501 59th ave - NEC 59th Avenue & Elliot Road
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