Henrico, North Carolina Commercial Real Estate 1 Listing

Henrico, North Carolina: A Premier Destination for Commercial Real Estate

Introduction

Henrico, North Carolina, offers a compelling landscape for commercial real estate (CRE) investors and professionals. As a small but strategic community positioned within the Roanoke Rapids Micropolitan Area, Henrico is poised for growth with its diverse economic base and emerging industry clusters. The city's unique blend of logistics, healthcare, and retail industries drives demand across various property types, making it a promising location for CRE opportunities.

Economic and Industry Overview

Henrico's economy is underpinned by several key industries, including logistics, healthcare, and retail. The logistics sector benefits from Henrico's proximity to major transportation routes, supporting demand for industrial and warehousing spaces. The healthcare sector, bolstered by regional medical centers, creates a steady need for medical office buildings and related facilities. Retail properties remain in demand due to the city's strategic location within the region.

Regional economic development initiatives, such as the North Carolina Department of Commerce, play a crucial role in attracting new businesses and investments to Henrico.

Strategic Location and Transportation Infrastructure

Henrico is strategically situated with access to major highways such as Interstate 95, facilitating efficient north-south transportation. Additionally, the city is in proximity to the Raleigh-Durham International Airport, enhancing its connectivity for business travel and logistics. Key logistical advantages include:

Access to major highways (I-95, US-1)
Proximity to Raleigh-Durham International Airport
Close to the Port of Wilmington for coastal shipping

For more information on transportation infrastructure, visit the North Carolina Department of Transportation.

Commercial Real Estate Inventory & Zoning

Henrico features several key CRE submarkets, including its central business district and industrial corridors. The city's zoning is designed to support diverse asset classes:

Industrial: Warehouses and distribution centers
Retail: Shopping centers and standalone stores
Office: Medical and professional office spaces
Mixed-Use: Potential for development in designated areas

Notable zoning changes and incentives can be explored through the Henrico County Planning Department.

Major Employers and Institutions

Henrico hosts several major employers and institutions that fuel CRE demand:

Healthcare facilities such as regional medical centers
Retail giants and logistics companies
Educational institutions supporting workforce development

For a detailed list of employers, visit the North Carolina Economic Development Partnership.

Notable Commercial Developments & Projects

Significant developments in Henrico include mixed-use projects and public-private partnerships aimed at revitalizing key areas. Opportunity Zones offer additional incentives for investors. Details on ongoing projects can be accessed through the Henrico Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Henrico provides comprehensive resources:

Market Data & Economic Reports

Public data sets provide insights into Henrico's market dynamics. Sources include:

Brevitas leverages AI-powered aggregation from public and internal sources to provide real-time market insights. Explore Brevitas-powered dashboards for Henrico.