Chloride, Arizona: A Premier Destination for Commercial Real Estate

Introduction

Chloride, Arizona, offers a unique opportunity for commercial real estate (CRE) professionals, with its strategic location and evolving market. Although it is a small town with a population of just over 300 residents, its proximity to larger markets and its local economic initiatives make it a noteworthy consideration for investors. The town's economy is primarily driven by tourism, mining, and small businesses, positioning it as a niche market with potential for growth in various CRE sectors.

Economic and Industry Overview

Chloride's economic landscape is significantly influenced by its mining heritage and tourism appeal. The town's historical sites attract visitors, which in turn boosts the demand for retail and hospitality spaces. While large-scale industries are not prevalent, the local economy benefits from:

• Tourism: Museums and historic tours drive demand for retail and hospitality properties.
• Mining: Although not as dominant as in the past, mining still contributes to the local economy.
• Small Businesses: A variety of local enterprises supporting the community.

These sectors create sporadic demand for office, retail, and industrial spaces, with potential for growth through regional economic development initiatives.

Strategic Location and Transportation Infrastructure

Chloride benefits from its strategic location near major transportation routes:

• Highways: Situated near U.S. Route 93, providing direct access to Phoenix, Las Vegas, and the Hoover Dam.
• Proximity to Larger Markets: Approximately 18 miles from Kingman, Arizona, offering access to a larger labor pool and additional amenities.

While Chloride lacks direct airport or rail facilities, its proximity to Kingman allows for logistical advantages in distribution and access to broader markets.

Commercial Real Estate Inventory & Zoning

Chloride's CRE market is characterized by its limited but unique inventory:

• Submarkets: Primarily consists of historical retail spaces and small industrial properties.
• Key Asset Classes: Retail and industrial properties are most notable, with opportunities in office spaces for local businesses.
• Zoning: The town's zoning is tailored to preserve its historical character, with potential incentives for developers interested in revitalizing or repurposing existing structures.

For more detailed information, refer to the Mohave County Parcel Viewer.

Major Employers and Institutions

Chloride's economy relies on small businesses and tourism-related employment. While there are no major corporations headquartered in the town, nearby Kingman hosts significant employers that influence the regional CRE market.

Notable Commercial Developments & Projects

Chloride has limited large-scale development projects; however, its designation as a tourist destination opens opportunities for:

• Mixed-Use Developments: Potential for projects that combine retail, hospitality, and residential spaces.
• Opportunity Zones: Investors may explore nearby Opportunity Zones for tax incentives and investment opportunities.

For further details, consult the Mohave County Economic Development resources.

Building Permits, Planning, and Development Tools

For CRE professionals interested in Chloride, the following resources are essential:

• Mohave County Building and Safety Department
• Mohave County Permitting Portal
• Mohave County GIS Parcel Map Viewer
• Development Code

Market Data & Economic Reports

Public data sets from sources like Census.gov and Mohave County's Open Data Portal provide valuable insights into market trends. Brevitas enhances this data with AI-powered aggregation, offering comprehensive insights into Chloride's CRE market.

Why Use Brevitas for Chloride, Arizona CRE?

Brevitas revolutionizes the CRE market in Chloride with:

• AI-Driven Discovery: Uncover opportunities with ease.
• Real-Time Market Alerts: Stay informed on the latest listings and trends.
• Smart Property Pages: Detailed insights into available properties.
• Dealroom Collaboration: Streamline negotiations and transactions.

Brevitas offers tools like auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers, providing exclusive listings and premium exposure. Explore Brevitas-powered dashboards for Chloride's CRE market.