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    51st Ave & Olive Ave Glendale, AZ 85302

    For Lease
    Contact for pricing

    Grocery-anchored, multiple spaces available

    Lot size:
    111,308 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail opportunity is located at the highly trafficked intersection of 51st Avenue and Olive Avenue in Maricopa County. The property, a newly developed grocery-anchored center, offers a total of 111,308 square feet of retail space, with three spaces currently available. Units range from a minimum of 2,000 square feet to a maximum contiguous space of 58,067 square feet, providing flexibility for a variety of retail uses. A significant 62,909 square feet is currently vacant, presenting a unique chance to establish a presence in a thriving commercial area. The property boasts a C-2 zoning designation, allowing for diverse retail and commercial applications. This in-fill location benefits from an established trade area and exceptional visibility, with a daily traffic count exceeding 136,000 vehicles. The surrounding area demonstrates strong demographics, with a population of 492,000 residents within a five-mile radius, ensuring a substantial customer base. The available spaces include both pad sites and future shop spaces, offering a variety of options to suit different business needs and expansion plans. This is an ideal location for businesses seeking high visibility and access to a large consumer market. Don't miss this opportunity to secure prime retail space in a rapidly growing area.

    Property Features for 51st Ave & Olive Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    111,308 SF

    Unit(s) available at that property

    Space
    Shops 2
    Size
    2,000 SF
    Space
    Pad 148-20-471E
    Size
    58,067 SF
    Space
    Suite 100
    Size
    2,842 SF

    HighLights

    • Retail property totaling 111,308 square feet.
    • Multiple tenancy with spaces ranging from 2,000 to 58,067 contiguous square feet available.
    • 62,909 square feet currently vacant.
    • Located in Maricopa County, zoned C‑2.
    • Situated at a high‑traffic intersection with 136,000 cars per day.
    • Strong demographics, with a population of 492,000 within a five‑mile radius.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Glendale
    County
    Maricopa
    State
    Arizona
    Longitude
    -112.1690155
    Latitude
    33.5673764

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    FAQs

    What type of property is this?
    Individual retail property - Grocery-anchored, multiple spaces available
    Where is this individual retail property located?
    The property is located at 51st Ave & Olive Ave Glendale, AZ.
    What are key features of this property?
    This property features: Retail property totaling 111,308 square feet.; Multiple tenancy with spaces ranging from 2,000 to 58,067 contiguous square feet available.; 62,909 square feet currently vacant.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51st Ave & Olive Ave Glendale, AZ 85302
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