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Investment Highlights

  • Prime accessibility near the intersection of 163rd Avenue and Grand Avenue
  • Significant residential growth with over 5,506 multifamily units existing, under construction, and planned within a 5-mile radius
  • Affluent surrounding area with average household incomes of approximately $123,402 within a 1-mile radius
  • C-3 with PUD overlay zoning
  • Expansive single-family housing base with more than 40,055 homes existing and in development within a 5-mile radius
  • Surrounded by existing and planned housing developments.

Executive Summary

This 4.12-acre commercial land opportunity is located at the northeast corner of 163rd Avenue and Grand Avenue in Surprise, Arizona, one of the fastest-expanding areas within the Northwest Phoenix metropolitan region. The site benefits from direct exposure to two established transportation corridors, providing convenient access to surrounding residential communities, retail destinations, and employment centers throughout the West Valley.
The property is zoned C-3 with a Planned Unit Development overlay, supporting a variety of potential commercial uses subject to municipal requirements. Its position near the intersection of Grand Avenue and 163rd Avenue offers strong visibility and accessibility for future retail, service, medical, restaurant, or mixed commercial development. The location also benefits from proximity to Loop 303, enhancing regional connectivity to Phoenix, Peoria, Glendale, Goodyear, and other major growth corridors across the metropolitan area.
Surprise continues to attract new residential investment and population growth, creating an expanding customer base for commercial development. The surrounding trade area includes substantial existing and planned housing, multifamily development, and neighborhood-serving commercial activity. Nearby master-planned communities and ongoing development activity support long-term demand from residents, businesses, and service providers seeking locations within the city's expanding northwest growth corridor.
With commercial zoning, regional access, and a growing residential base, this site offers a well-positioned opportunity for developers, investors, and owner-users seeking land within one of Greater Phoenix's active development markets.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
Total Lot Size 4.12 AC
Zoning C-3, PUD - C-3 zoning with PUD overlay

1 Lot Available

Lot

Lot Size 4.12 AC

4.12-acre commercial development site at the northeast corner of 163rd Ave & Grand Ave in Surprise. C-3 zoning with PUD overlay, excellent visibility, regional access, and proximity to major residential growth corridors.

Description

The property consists of approximately 4.12 acres of commercial land located at the northeast corner of 163rd Avenue and Grand Avenue in Surprise, Arizona. The site is identified as a commercial development parcel with C-3 zoning and a Planned Unit Development overlay. The location provides access to Grand Avenue, 163rd Avenue, and the Loop 303 transportation corridor. Surrounding land uses include residential development and commercial activity within the northwest Surprise market.

Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
503-57-004D
Land Assessment
$8,466
Improvements Assessment
$0
Total Assessment
$8,466
  • Listing ID: 40080357

  • Date on Market: 4/8/2026

  • Last Updated:

  • Address: E/NEC 163rd Ave & Grand ave, Surprise, AZ 85387

Contact the Sale Advisor

E/NEC 163rd Ave & Grand ave

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