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Greenway Plaza Shopping Center
For Sale
Contact for pricing
Pending

5844 W Greenway Rd, Glendale, AZ 85306

Infill retail center with substantial available space at a prominent corner location.

Property Size70,769 SF
Days on Market145

Property Features for 5844 W Greenway Rd

General Information

Standard status Pending
Size 70,769 SF
Property subtype Retail
Occupancy 35%

Additional Details

Corner Location Yes

Building Details

Tenancy Multi
Listing Agency: CBRE - Phoenix
Listed By: Michael Hackett · License #AZ
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 31 at 4:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Phoenix

Investment Insights

Based on property information with market context.

Greenway Plaza is a 70,769-square-foot shopping center with 46,360 square feet currently available. The property is 34.5% occupied, leaving a substantial portion of the center open for future tenant placement or redevelopment. Its retail configuration supports a range of commercial space requirements within an established center format.

The property occupies the northeast corner of 59th Avenue and Greenway Road in Glendale, Arizona, at 5844 W Greenway Rd. Arizona Christian University is immediately to the south, with reported enrollment of 900 students. The center’s position at this intersection and its available space provide a clear physical platform for repositioning through leasing or redevelopment.

Key Highlights

  • 70,769‑square‑foot retail shopping center
  • 46,360 square feet of available space
  • Current occupancy of 34.5%

Property Analytics

Current Use

Greenway Auction Discount Store

Suggested Use

Top Pick Law Firm Daycare Center (Bike/Boat/Book/etc) Store Grocery & Convenience Store Accounting Firm Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

34.5%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

657
Businesses Nearby
12k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 82% Beauty & Spa 18%
Shell Shops & Services
9,584 visits/mo 0.2 miles
Cosmoprof Beauty & Spa
2,090 visits/mo 0.2 miles

Demographics for 85306, AZ

25,663
Population
9,587
Households
2.7
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
5.9 sq mi
ZIP Area
4,350
Density / Sq Mi
$82,060
Median Household Income
$41,596
Median Earnings
$1,666
Median Rent
$342,000
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Greenway Promenade 5930 W Greenway Rd, Glendale, AZ 85306
  • Talavi Towne Center 5845 W Bell Rd, Glendale, AZ 85308
  • Quick-Tag Walmart, 5845 W Bell Rd, Glendale, AZ 85308

Frequently Asked Questions

What type of property is this?
Shopping center - Infill retail center with substantial available space at a prominent corner location.
Where is this shopping center located?
The property is located at 5844 W Greenway Rd Glendale, AZ.
What are key features of this property?
This property features: 70,769‑square‑foot retail shopping center; 46,360 square feet of available space; Current occupancy of 34.5%
More about this property
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