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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 |
Situated near the Loop-202 South Mountain Freeway corridor, the property benefits from exceptional accessibility, robust population growth, and expanding residential and commercial development.
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.
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
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