5723 West Glendale Avenue, Glendale, AZ for sale

Investment Overview

The subject property is a ±3,843 SF freestanding building constructed in 1982, occupying a hard corner parcel with frontage on both W Glendale Avenue and N 57th Drive. An adjacent ±3,250 SF parking lot brings the combined site to ±9,750 SF (±0.22 acres) across APNs 146-02-931 and 146-02-930. The building is a fully built-out bar and restaurant, featuring a commercial kitchen, full bar, and patio seating that overlooks the Glendale Avenue corridor. The tenant, La Perla, holds a Series 6 Liquor License, and the City of Glendale PR (Pedestrian Retail) zoning supports a broad range of restaurant, bar, and retail uses. The property benefits from the recently completed Downtown Campus Reinvestment Project — a nearly $100 million investment that delivered a fully reimagined City Hall, council chambers, and the E. Lowell Rogers Amphitheater, with historic Murphy Park preserved as the centerpiece. The project is set among more than $3 billion in surrounding private investment, reinforcing downtown Glendale as a growing destination for dining, events, and foot traffic.