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1305 Central Ave - Crystal Cove Apartments 10.59 Acres of Commercial Land Offered at $6,250,000 in Avondale, AZ 85323



Investment Highlights
- Class A/B garden-style multifamily community.
Executive Summary
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Property Facts
| Price | $6,250,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 10.59 AC |
| Property Type | Land |
| Price | $6,250,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 10.59 AC |
1 Lot Available
Lot
| Price | $6,250,000 | Lot Size | 10.59 AC |
| Price Per AC | $590,179.41 |
| Price | $6,250,000 |
| Price Per AC | $590,179.41 |
| Lot Size | 10.59 AC |
Crystal Cove is a rare, fully entitled 10.59-gross-acre (9.53 net) development site positioned for immediate advancement into a 260-unit, Class A/B garden-style multifamily community.
Description
Located along the high-visibility Central Avenue corridor in Avondale’s established West Valley submarket, the site offers immediate access to I-10, Loop 101, retail (Walmart, Sprouts, Costco ~2–6 miles), employment nodes, and daily conveniences. Strong surrounding residential and commercial density, combined with excellent traffic counts, supports leasing velocity and long-term value. This is a de-risked, time-to-market opportunity. Buyers avoid years of entitlement risk and cost escalation. With Phoenix metro multifamily deliveries projected to drop sharply in 2026 (down ~50% from delivery peaks), this site positions the buyer to capture the market’s inflection point, delivering new product precisely when supply pressure eases and demand from sustained population and job growth accelerates absorption.
Property Taxes
| Parcel Number | 500-10-110 | Improvements Assessment | $0 |
| Land Assessment | $75,743 | Total Assessment | $75,743 |
Property Taxes
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1305 Central Ave - Crystal Cove Apartments
