Current Use by Public Records
- Land
Property Details for 163rd Ave
- Lot size
- 7.00 lot acres
- Property type
- Land
Description
This exceptional 7-acre commercial land parcel presents a unique investment opportunity in Surprise, Arizona. Strategically located at the hard corner of major arterial roads leading into the thriving Asante trade area, this property benefits from exceptional visibility and accessibility. The site is ideally positioned within a rapidly expanding residential community, boasting over 10,000 existing homes and an additional 25,000 entitled homes within a 3-mile radius. This translates to a substantial and growing customer base for any commercial development. The property enjoys a shadow-anchored position next to a newly opened Fry's Marketplace and will be adjacent to a new community church anticipated to open in the first quarter of 2024, further enhancing its appeal and drawing significant foot traffic. The surrounding area exhibits a strong demographic profile, characterized by a high concentration of young families with an average household income exceeding $97,000 and a median age of approximately 32 years. The property is currently zoned for rezoning to C-2 by the City of Surprise, offering flexibility for a wide range of commercial uses. With a total population exceeding 90,000 within a 5-mile radius, this 7-acre lot in Maricopa County, Arizona (zip code 85387) represents a compelling investment prospect in a high-growth market. The property's location at 163rd Ave & Pinnacle Peak ensures maximum exposure and accessibility for any future development.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Surprise
- County
- Maricopa
- State
- Arizona
- Longitude
- -112.409
- Latitude
- 33.6967
