Belfry, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Belfry, Kentucky, offers a unique appeal for commercial real estate (CRE) investors and professionals. Nestled in the heart of Appalachia, Belfry is a small yet dynamic community with a burgeoning focus on economic revitalization. Traditionally known for its coal mining industry, the city is transitioning towards diversified economic activities, supported by regional initiatives aimed at fostering growth and attracting new businesses. This presents unique opportunities for CRE investment, particularly in industrial and retail properties.

Economic and Industry Overview

Belfry's economic landscape is evolving, with key industries including energy, logistics, and manufacturing driving demand for various property types. The city's strategic position within the coalfields of Eastern Kentucky has historically underpinned its industrial sector, with ongoing efforts to diversify into renewable energy and logistics. The Kentucky Economic Development Cabinet actively supports these transitions through incentives and development programs aimed at attracting new businesses and expanding existing operations.

Strategic Location and Transportation Infrastructure

Belfry benefits from strategic transportation infrastructure, including proximity to key highways such as US Route 119, which connects to major interstates. The city's location offers logistical advantages for distribution and access to labor pools in the region. While Belfry does not have a commercial airport, it is accessible via the Pike County Airport, which supports private and business aviation. For further details on transport infrastructure, consult the Kentucky Department of Transportation.

Commercial Real Estate Inventory & Zoning

Belfry's CRE landscape includes several submarkets, notably industrial corridors and emerging retail zones. Key asset classes available in the area are industrial, retail, and flex spaces. The city continues to see notable zoning changes favoring mixed-use developments and incentives for developers looking to invest in Opportunity Zones. For zoning maps and parcel viewers, visit the City of Belfry's Planning Department.

Major Employers and Institutions

The major employers in Belfry include energy companies, logistics firms, and healthcare providers. While the city lacks major corporate headquarters, it hosts significant operations for regional companies. Nearby educational institutions like the University of Pikeville contribute to the local talent pool and drive demand for commercial real estate. More information can be found through the Pike County Economic Development site.

Notable Commercial Developments & Projects

Belfry is witnessing several large-scale development projects, particularly in mixed-use and industrial spaces. The city's participation in Opportunity Zones encourages public-private partnerships aimed at revitalizing the local economy. For information on planning and approved site maps, refer to the Belfry Planning Department.

Building Permits, Planning, and Development Tools

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Access public data sets like those from census.gov or Belfry's open data portal to gain insights into the local economy. Brevitas uses AI-powered aggregation from such public data and internal insights to provide comprehensive market analyses. Explore Brevitas-powered dashboards for Belfry to stay informed about the latest market trends and opportunities.

Why Use Brevitas for Belfry, Kentucky CRE?

Brevitas offers unparalleled AI-driven CRE discovery tools tailored for Belfry, Kentucky. Our platform provides:

• Real-time market alerts
• Smart property pages
• Dealroom collaboration

Unique features include:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

Brevitas positions itself as the go-to marketplace for CRE in Belfry, leveraging advanced technology to facilitate optimal investment decisions for brokers and developers.