Chesapeake, Ohio: A Premier Destination for Commercial Real Estate

Introduction

Chesapeake, Ohio, located along the picturesque banks of the Ohio River, offers unique opportunities for commercial real estate (CRE) investors and professionals. This small yet strategically positioned village benefits from its proximity to larger urban centers and the vibrant economy of the Tri-State area. Known for its diverse industrial landscape, Chesapeake is a burgeoning hub for logistics, retail, and industrial properties, making it an attractive destination for CRE development and investment.

Economic and Industry Overview

Chesapeake's economy is driven by a blend of manufacturing, logistics, and retail industries. The area's robust industrial sector fuels demand for warehouse and distribution facilities, while its retail landscape supports a range of commercial spaces. The Lawrence Economic Development Corporation actively promotes regional economic initiatives, further enhancing the area's CRE appeal. Key industry clusters include:

• Logistics: Proximity to major transportation routes enhances demand for industrial and distribution spaces.
• Retail: Serves a growing residential population and the surrounding Tri-State area.
• Manufacturing: Local and regional manufacturers contribute to the need for industrial real estate.

Strategic Location and Transportation Infrastructure

Chesapeake's strategic location provides excellent logistical advantages for businesses:

• Highways: Easy access to U.S. Route 52, which connects to major interstate highways for efficient distribution.
• Airports: Proximity to Huntington Tri-State Airport offers direct access to national and international markets.
• Railways: Served by regional rail lines, facilitating freight movement.

These transportation assets, combined with Chesapeake's access to a skilled labor pool, make it an ideal location for businesses seeking efficient logistics and distribution networks.

Commercial Real Estate Inventory & Zoning

Chesapeake's CRE landscape is characterized by several submarkets and asset classes:

• Industrial Corridors: High demand for warehouse and distribution centers.
• Retail Spaces: Growing interest in retail developments to support local and regional consumers.
• Office Spaces: Limited but expanding opportunities for office space development.

The village's zoning map outlines areas designated for commercial use, with incentives available for developers to encourage growth in key sectors.

Major Employers and Institutions

Key employers and institutions driving CRE demand in Chesapeake include:

• Local Manufacturing Firms: Contributing to industrial property demand.
• Retail Chains: Serving the local population and the surrounding area.
• Educational Institutions: Proximity to regional universities and colleges enhances the workforce.

The Lawrence County Chamber of Commerce provides resources and support for businesses and investors.

Notable Commercial Developments & Projects

Chesapeake is witnessing a range of commercial developments, including:

• Mixed-Use Projects: Combining residential, retail, and office spaces.
• Public-Private Partnerships: Enhancing infrastructure and community amenities.
• Opportunity Zones: Offering tax incentives for qualifying investments.

The Lawrence County Planning Department provides insights into ongoing and upcoming projects.

Building Permits, Planning, and Development Tools

For developers and investors, Chesapeake offers several resources:

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

These tools facilitate the development process, ensuring compliance and efficiency.

Market Data & Economic Reports

Public data sets and reports provide insights into Chesapeake's economic landscape:

• U.S. Census Data
• Chesapeake Open Data Portal
• Economic impact reports available through the Lawrence Economic Development Corporation.

Brevitas utilizes AI-powered aggregation from public data and internal insights, offering comprehensive market dashboards for Chesapeake, Ohio.

Why Use Brevitas for Chesapeake, Ohio CRE?

Brevitas provides an unparalleled platform for discovering and investing in Chesapeake's CRE market:

• AI-Driven Discovery: Streamline property search with intelligent algorithms.
• Real-Time Market Alerts: Stay informed on the latest opportunities.
• Smart Property Pages: Comprehensive insights into individual properties.
• Dealroom Collaboration: Enhance communication and negotiation.

Unique features include auto-generated listing pages, email and landing page tools, and seamless integration with brokers and developers. Explore exclusive listings and gain premium exposure with Brevitas in Chesapeake, Ohio.