Hanksville, Utah Commercial Real Estate 1 Listing

Hanksville, Utah: A Premier Destination for Commercial Real Estate

Introduction

Hanksville, Utah, though a small town with a population hovering around 200, offers unique opportunities for commercial real estate (CRE) investors. Nestled in the heart of Wayne County, Hanksville's economy is primarily driven by tourism, agriculture, and natural resources. Its strategic location near several national parks and monuments makes it a valuable spot for hospitality and retail developments. With growing interest in energy and mining industries, Hanksville is poised for increased CRE activity.

Economic and Industry Overview

Hanksville's economy benefits from its proximity to significant natural attractions, driving demand for retail and hospitality properties. The tourism industry flourishes due to visitors to nearby Capitol Reef National Park and Lake Powell. Additionally, the presence of natural resources has sparked interest in energy and mining sectors, creating opportunities for industrial properties.

Economic development initiatives are supported by regional organizations like the Wayne County Economic Development agency, which focuses on sustainable growth and attracting new businesses to the area.

Strategic Location and Transportation Infrastructure

Hanksville is strategically located along State Routes 24 and 95, providing access to larger markets in Utah and beyond. The town's remoteness is offset by its proximity to major tourist attractions, making it a critical stop for travelers. While there are no major airports or rail lines directly in Hanksville, the Utah Department of Transportation provides resources and information on state-wide transportation infrastructure.

Commercial Real Estate Inventory & Zoning

Hanksville's commercial real estate landscape is characterized by small-scale retail, hospitality, and industrial properties. The central business district (CBD) hosts retail and service-oriented businesses catering to tourists. Industrial areas are emerging due to interest in mining and energy.

The town's zoning regulations are managed by Wayne County, and recent changes have facilitated more flexible use of land for mixed-use developments. For detailed zoning maps and parcel information, visit the Wayne County Planning and Zoning page.

Major Employers and Institutions

Key employers in Hanksville include hospitality businesses, local government, and educational institutions. The tourism sector is a significant employer, with several hotels and restaurants serving visitors. The Wayne County School District also plays a role in local employment.

While there are no major universities in Hanksville, nearby institutions and government agencies contribute to the demand for CRE through research and development activities.

Notable Commercial Developments & Projects

Hanksville is seeing interest in mixed-use and hospitality developments that cater to the growing number of tourists. Public-private partnerships are being explored to enhance infrastructure and support new projects. The town is part of an Opportunity Zone, offering tax incentives for investors. For more information on current projects, visit the Wayne County Economic Development site.

Building Permits, Planning, and Development Tools

For developers interested in Hanksville, the following resources are essential:

Market Data & Economic Reports

Public data sets from census.gov and Wayne County's open data portal provide insights into the local economy. Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analysis. Explore Brevitas-powered dashboards for Hanksville here.

Why Use Brevitas for Hanksville, Utah CRE?

Brevitas offers cutting-edge AI-driven CRE discovery, real-time market alerts, smart property pages, and dealroom collaboration for Hanksville. Unique features include: