7449 127Th Ave Glendale, AZ 85307
This exceptional 4-acre parcel in Glendale, Arizona, presents a unique investment opportunity. Designated as Luke Landing II, this property encompasses 18 single-family residential lots, perfectly situated within the R-5 zoning district. Currently undergoing final plat approval (as of August 15, 2023), these engineered lots are ready for immediate development. The location offers unparalleled convenience, bordering the established Marbella Ranch master-planned community (featuring over 1,200 homes) at the northwest corner of Glendale Avenue and El Mirage Road. Enjoy easy access to major transportation arteries, including the Loop 101 and Loop 303 freeways, as well as the Northern Parkway. The proximity to the vibrant Westgate Entertainment District adds to the desirability of this prime location. With its ideal zoning, engineered lots, and strategic location, this property represents a compelling investment prospect for builders and developers seeking a high-demand residential development site in a thriving Arizona community. The APN is 501-53-004H. The property is offered for sale by owner.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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Risks
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