Irvington, Virginia Commercial Real Estate 0 Listings

Irvington, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Irvington, Virginia, offers a unique blend of charm and economic opportunity, making it an attractive destination for commercial real estate (CRE) investment. Nestled in the heart of the Northern Neck region, Irvington is a small town with a dynamic economy, driven by its strategic location and thriving industries such as tourism, hospitality, and maritime services. With its unique positioning, Irvington presents significant opportunities in various commercial property types, including retail, office, and industrial spaces.

Economic and Industry Overview

Irvington's economy is underpinned by several key industries that drive demand for commercial real estate. The town is a hub for:

Tourism and Hospitality: As part of the picturesque Chesapeake Bay area, Irvington attracts tourists year-round, spurring demand for retail and hospitality spaces.
Maritime Services: The town's proximity to the water supports a robust maritime industry, increasing the need for industrial and office spaces.
Local Commerce: With a focus on small businesses and artisanal shops, Irvington supports a vibrant retail sector.

The Virginia Economic Development Partnership provides resources and initiatives to foster these industries, supporting continuous growth in Irvington's commercial real estate market.

Strategic Location and Transportation Infrastructure

Irvington's strategic location offers significant logistical advantages:

Highways and Roads: Access to major routes such as Route 3 and Route 200 facilitates easy transportation throughout the region.
Airports: Proximity to larger airports like Richmond International Airport enhances connectivity for business travel.
Maritime Access: The town's waterfront location provides direct access to Chesapeake Bay, benefiting industries reliant on shipping and transport.

For more detailed information, visit the Virginia Department of Transportation.

Commercial Real Estate Inventory & Zoning

Irvington's commercial real estate landscape is diverse:

Submarkets: Key areas include the central business district (CBD) and surrounding industrial corridors.
Asset Classes: The town offers a mix of industrial, retail, office, and commercial-grade multifamily properties.
Zoning: Recent zoning changes have made it easier for developers to invest, with incentives for mixed-use developments.

Explore the Lancaster County Zoning Maps for more information.

Major Employers and Institutions

Irvington is home to several significant employers and institutions:

Local Businesses: A variety of small to medium-sized enterprises contribute to the demand for commercial spaces.
Educational Institutions: Nearby colleges and training centers support workforce development.

For a comprehensive list of businesses, visit the Lancaster County Economic Development directory.

Notable Commercial Developments & Projects

Irvington is seeing a surge in notable developments:

Mixed-Use Projects: New developments are integrating retail, office, and residential spaces.
Public-Private Partnerships: Collaborative projects are enhancing infrastructure and CRE opportunities.
Opportunity Zones: Certain areas are designated as Opportunity Zones, providing tax incentives for investors.

Check out the Lancaster County Planning Department for approved site maps and ongoing projects.

Building Permits, Planning, and Development Tools

Access essential tools for development in Irvington:

Market Data & Economic Reports

For in-depth market analysis, explore:

Brevitas uses AI-powered aggregation from public data and internal insights to provide comprehensive market dashboards for Irvington. Explore Brevitas-powered dashboards.