Gloucester Point, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Gloucester Point, Virginia, offers a vibrant commercial real estate (CRE) environment, attracting investors and developers with its strategic location and economic potential. As a small community in Gloucester County, it is positioned near significant metropolitan areas, contributing to its dynamic economy. The city's economy benefits from sectors such as logistics, marine industries, and research, making it a compelling choice for various commercial property types, including industrial, office, and retail spaces.

Economic and Industry Overview

Gloucester Point's commercial real estate market is largely influenced by its access to major industries like marine sciences, logistics, and education. The presence of organizations such as the Virginia Institute of Marine Science emphasizes the area’s focus on research and development. These industries drive demand for specialized office spaces, laboratories, and industrial facilities. Regional economic development initiatives, promoted by the Gloucester Economic Development, aim to enhance business growth and attract new investments to the area.

Strategic Location and Transportation Infrastructure

Gloucester Point is strategically located near major transportation routes, including U.S. Route 17, which provides seamless connectivity to larger markets like Richmond and the Hampton Roads area. The proximity to the Chesapeake Bay offers maritime advantages, while the nearby Newport News/Williamsburg International Airport and the Port of Virginia provide robust logistical support for distribution and supply chain operations. For more information, visit the Virginia Department of Transportation and the Port of Virginia.

Commercial Real Estate Inventory & Zoning

The CRE landscape in Gloucester Point includes diverse submarkets such as industrial corridors and retail centers. Key asset classes encompass industrial facilities, retail spaces, and office buildings. The county's zoning regulations promote balanced development, with opportunities for mixed-use projects and innovation districts. For detailed zoning information, access the Gloucester County Zoning Map and the Parcel Viewer.

Major Employers and Institutions

Prominent employers and institutions in Gloucester Point include the Virginia Institute of Marine Science and Gloucester County Public Schools. These organizations, along with other local businesses, drive demand for commercial spaces. For a comprehensive list of businesses and employers, visit the Gloucester County Economic Development Directory.

Notable Commercial Developments & Projects

Significant developments in Gloucester Point include mixed-use projects and public-private partnerships aimed at revitalizing the area. These initiatives, often located within designated Opportunity Zones, are designed to attract diverse businesses and foster economic growth. For more information on ongoing projects, consult the Gloucester County Planning Department.

Building Permits, Planning, and Development Tools

Professionals seeking development opportunities in Gloucester Point can access comprehensive resources through the Building and Safety Department. Key tools include the Permitting Portal, GIS and Parcel Map Viewer, and the Planning Commission.

Market Data & Economic Reports

Publicly available data sets, such as those from census.gov and Gloucester County's open data portals, provide valuable insights into the economic landscape. Brevitas leverages AI-powered aggregation from public data and internal insights to deliver detailed market analytics. Explore Brevitas-powered dashboards for Gloucester Point's CRE market here.

Why Use Brevitas for Gloucester Point, Virginia CRE?

Brevitas offers a cutting-edge platform for CRE discovery in Gloucester Point, providing AI-driven insights, real-time market alerts, and smart property pages. Our services enhance collaboration through dealroom tools and integration with brokers and developers. Unique features include auto-generated listing pages, email and landing page tools, exclusive listings, and premium exposure, positioning Brevitas as the go-to marketplace for Gloucester Point's commercial real estate.

For more information and to explore available listings, visit Brevitas.