
Glendale, AZ 85301
This Prime Redevelopment Asset is a strategic acquisition listed at $295,000, representing a stable entry point at its $295,000 Fair Market Value. Featuring a massive 9,300 sq ft Corner Lot with R-1 Zoning, the property is currently in Uninhabitable Condition, offering a blank canvas for a custom rebuild or total renovation. Located minutes from Westgate Entertainment District and State Farm Stadium, the site benefits from high demand and proximity to Independence High School. This project is ideal for Fix-and-Flip Investors or Builders seeking a high-upside project in a rapidly growing Glendale corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5902 W ORANGE Drive Subject | $295,000* List Price | 3 | 2 | 1,506 | $196 | - |
A 5546 N 62ND Drive Sold | $380,000 List Price | 4 | 2 | 1,638 | 0.6 mi | |
B 5559 N 62ND AVE Avenue Sold | $350,000 | 4 | 2 | 1,663 | $210 | 0.6 mi |
C 5802 N 61ST Drive Active | $379,900 List Price | 4 | 2 | 1,561 | $243 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Built in 1959 and explicitly described in the listing as 'not currently livable,' this property meets the criteria for a tear-down. The structure is over 60 years old, sold strictly as-is, and the listing emphasizes the value of the 9,300 sq ft corner lot for a rebuild or total renovation, indicating the existing systems and structure are likely beyond standard repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9300, living area = 1506.
The property features a large 9,300 sq ft corner lot with R-1 zoning, providing a high-upside opportunity for a full renovation, flip, or custom rebuild in a rapidly growing area.
Situated just minutes from Westgate Entertainment District, State Farm Stadium, and major freeways, the location offers excellent convenience and strong future resale demand.
The existing 3-bedroom structure is currently not livable and is being sold strictly as-is, requiring a total renovation or complete teardown before occupancy.
Due to the property's current state, it will likely not qualify for traditional financing, necessitating cash or hard money investors with significant capital for repairs.
Situated on a spacious 9,300 sq ft corner lot, this property presents a rare opportunity for investors or builders looking to unlock value in a rapidly growing area. Located just minutes from Westgate, State Farm Stadium, schools, and major freeways, the lot offers convenience and strong future resale potential. The existing 3-bedroom, 2-bath structure is being sold as-is and is not currently livable, making it ideal for a full renovation or rebuild. With R-1 zoning and ample lot size, there's room to reimagine this space into a profitable rental, flip, or custom home. Whether you're adding to your portfolio or searching for your next project, this is a high-upside investment in the heart of Glendale.
No exterior & parking available.
Grades PK-3 • 0.9 mi
Grades PK-3 • 1.6 mi
Grades PK-6 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,506 | 1,710 | 37% |
| Lot Size | 9,300 | 8,119 | 72% |
| Price | $295.0K | $335.0K | 47% |
| Price per sq ft | $196 | $148 | 63% |
| Built year | 1959 | 1960 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 335 | 1357 | 35% |
May 22, 2025
$295,000
Initial Listing