Collinsville, Virginia Commercial Real Estate 1 Listing

Collinsville, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Collinsville, Virginia, offers a compelling landscape for commercial real estate (CRE) investors and professionals. Nestled in the heart of Henry County, this city is known for its strategic location, burgeoning industrial sectors, and robust economic initiatives, making it a prime candidate for CRE activities. With a diverse economy that includes manufacturing and logistics, Collinsville positions itself as a unique hub for various commercial property types, from industrial to retail spaces.

Economic and Industry Overview

Collinsville's economy is bolstered by key industries such as manufacturing, logistics, and retail. These sectors drive the demand for commercial property across various asset classes—particularly industrial and retail spaces. The region benefits from initiatives spearheaded by the Southern Virginia Regional Alliance, which focuses on economic development and attracting new businesses to the area. Such efforts ensure a steady demand for commercial real estate as firms seek to capitalize on the city’s favorable business climate.

Strategic Location and Transportation Infrastructure

Collinsville’s strategic location offers exceptional logistical advantages. The city is well-connected by major highways, including U.S. Route 220 and U.S. Route 58, facilitating easy access to nearby cities and states. Additionally, the proximity to the Blue Ridge Airport ensures efficient air transport for business activities. These transportation networks not only ensure seamless distribution and access to labor pools but also underscore Collinsville's appeal for businesses looking to expand their operations.

Commercial Real Estate Inventory & Zoning

The Collinsville commercial real estate market is characterized by distinct submarkets, including industrial corridors and retail districts. Key asset classes in the area encompass industrial, retail, and office spaces, with a growing interest in medical facilities. The city has recently updated its zoning regulations to encourage mixed-use developments and innovation districts. For detailed zoning information, you can access the Henry County Zoning Maps.

Major Employers and Institutions

Collinsville hosts several major employers that contribute to CRE demand:

Eastman Chemical Company
Bassett Furniture Industries
The local government and educational institutions

These employers not only drive economic growth but also create a need for office and industrial spaces. For a comprehensive list of employers, visit the Martinsville-Henry County Economic Development Corporation.

Notable Commercial Developments & Projects

Collinsville is experiencing a surge in commercial development, with several large-scale projects underway. Notable developments include:

A mixed-use development featuring retail and office spaces
An innovation park focusing on tech startups and research facilities

These projects are often supported by public-private partnerships and are situated in Opportunity Zones, offering lucrative investment potential for developers.

Building Permits, Planning, and Development Tools

For those interested in development in Collinsville, the following resources are invaluable:

Market Data & Economic Reports

Collinsville's market data and economic reports are available through various public sources. The U.S. Census Bureau provides demographic and economic data. Emphasizing data-driven insights, Brevitas leverages AI-powered aggregation from public data and internal insights to offer comprehensive market analysis. Explore Brevitas-powered dashboards for Collinsville here.

Why Use Brevitas for Collinsville, Virginia CRE?

Brevitas stands at the forefront of CRE innovation in Collinsville. By offering AI-driven property discovery, real-time market alerts, and smart property pages, Brevitas ensures you have the insights needed to succeed. Key features include: