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5601-5609 W Glendale Ave 11,842 SF 100% Leased Retail Building Glendale, AZ 85301 $1,740,000 ($146.93/SF)
INVESTMENT HIGHLIGHTS
- Low Basis Price Per Square Foot, Great Investment Opportunity
- Flexible Lease Terms, Providing Re-Structuring Value Add Opportunity
- Multi-Tenant Retail Investment or Owner User Property In Oldtown Glendale
EXECUTIVE SUMMARY
Presenting a rare opportunity to acquire a multi-tenant inline retail building prominently located on Glendale Avenue in the heart of Oldtown Glendale. This highly walkable, pedestrian-friendly location benefits from strong foot traffic and is situated within a well-established, commercially zoned district with consistently high occupancy rates. The property features a diverse tenant mix with long-term occupants currently operating under below-market lease rates, providing significant upside potential. All leases include landlord-favorable early termination clauses, offering flexibility for repositioning or redevelopment.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
11,842 SF
Building Class
B
Year Built
1935
Price
$1,740,000
Price Per SF
$146.93
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.40 AC
Opportunity Zone
Yes
Zoning
C-T-C PR
Parking
7 Spaces (0.59 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 146-02-029 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $35,055 |
PROPERTY TAXES
Parcel Number
146-02-029
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$35,055
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5601-5609 W Glendale Ave
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