Onley, Virginia Commercial Real Estate 0 Listings

Onley, Virginia: A Premier Destination for Commercial Real Estate

Welcome to the comprehensive guide on Onley, Virginia, tailored for commercial real estate professionals. Onley, a small yet strategically positioned town, offers a unique blend of economic opportunities and logistical advantages, making it a compelling destination for commercial real estate investment.

Introduction

Onley, Virginia, though modest in size, is a city with significant commercial real estate potential. Nestled in Accomack County, Onley benefits from its strategic location on the Eastern Shore, serving as a hub for regional commerce. The local economy is driven by a mix of agriculture, retail, and service industries, creating a diverse demand for various commercial property types. Onley's unique positioning as a gateway between the larger markets of Norfolk and the rural expanse of Virginia's Eastern Shore enhances its appeal for commercial real estate investors.

Economic and Industry Overview

Onley's economy is primarily supported by:

Agriculture: The rich farmlands around Onley make agriculture a significant sector, driving demand for industrial and storage facilities.
Retail and Services: The town serves as a retail hub for the surrounding rural areas, with demand for retail spaces and mixed-use developments.
Healthcare: With healthcare facilities like Riverside Shore Memorial Hospital, there is a steady need for medical office spaces.

Regional economic development initiatives, supported by Virginia Economic Development Partnership, aim to bolster these industries, offering incentives for CRE development.

Strategic Location and Transportation Infrastructure

Onley's strategic location offers logistical advantages:

Highways: U.S. Route 13 runs through Onley, connecting it to major markets in Norfolk and the Delmarva Peninsula.
Airports: Proximity to Salisbury-Ocean City Wicomico Regional Airport enhances connectivity.
Ports: Access to the Port of Virginia facilitates shipping and trade.

These transportation networks offer excellent distribution and labor access advantages. For more information, visit the Virginia Department of Transportation.

Commercial Real Estate Inventory & Zoning

Onley's commercial real estate landscape includes:

Submarkets: Central Business District, industrial corridors, and mixed-use zones.
Asset Classes: Industrial, retail, office, and medical spaces.

Recent zoning updates and incentives for developers can be explored through the Accomack County Zoning Maps.

Major Employers and Institutions

Key drivers of CRE demand in Onley include:

Riverside Shore Memorial Hospital: A major healthcare employer.
Local Government Offices: Provide stable demand for office spaces.
Retail Centers: Anchor tenants in retail hubs.

Further details can be found in the Accomack County Business Directory.

Notable Commercial Developments & Projects

Noteworthy developments in Onley:

Mixed-Use Projects: Combining retail, office, and residential spaces.
Public-Private Partnerships: Stimulating economic growth and real estate development.

Explore these projects through Accomack County Planning Department.

Building Permits, Planning, and Development Tools

For building and development resources, visit:

Market Data & Economic Reports

Utilize public datasets for insights:

Brevitas offers AI-powered aggregation from public data, enhancing your market analysis with real-time insights. Explore our Brevitas-powered dashboards.