Rice, Virginia Commercial Real Estate 0 Listings

Rice, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Nestled in the heart of Prince Edward County, Rice, Virginia, offers a burgeoning opportunity for commercial real estate (CRE) investment. Although a small and unincorporated community, Rice is strategically positioned to serve as a hub for industries such as agriculture, logistics, and light manufacturing. Its growing economy and strategic location make it an attractive destination for investors and developers looking to capitalize on its unique commercial real estate potential.

Economic and Industry Overview

Rice, Virginia, benefits from a diverse economic base, with agriculture being the primary industry. This drives demand for industrial and logistics-related commercial properties. The area is supported by regional economic development initiatives aimed at enhancing infrastructure and attracting new businesses, spearheaded by organizations such as the Virginia Economic Development Partnership. The burgeoning industry clusters in logistics and light manufacturing are pivotal in shaping the demand for various commercial property types, including industrial and flex spaces.

Strategic Location and Transportation Infrastructure

Rice's strategic location is accentuated by its proximity to major transportation networks. The community is accessible via U.S. Route 460, which provides efficient connections to larger markets such as Richmond and Lynchburg. This connectivity is crucial for distribution logistics, offering businesses a competitive advantage in terms of transit and access to labor pools. For more information on transportation infrastructure, visit the Virginia Department of Transportation.

Commercial Real Estate Inventory & Zoning

Rice's commercial real estate landscape is characterized by its industrial corridors and opportunities for retail and office spaces. The zoning regulations are favorable for development, with several incentives available for developers aiming to enhance the commercial infrastructure. For detailed zoning maps and parcel viewers, please visit the Prince Edward County GIS.

Major Employers and Institutions

The economic landscape of Rice is shaped by key employers in agriculture and logistics sectors. Nearby educational institutions, such as Longwood University and Hampden-Sydney College, contribute to the demand for commercial spaces, particularly in retail and office sectors. For a comprehensive list of major employers, refer to the Prince Edward County Economic Development.

Notable Commercial Developments & Projects

Rice is home to several notable development projects, including mixed-use developments and potential Opportunity Zones. These initiatives are often supported through public-private partnerships, aimed at fostering sustainable growth. For more information on current and future projects, visit the Prince Edward County Planning Department.

Building Permits, Planning, and Development Tools

For those interested in commercial development, Rice provides a streamlined process for building permits and planning. Essential resources include the Prince Edward County Building and Safety Department and the Virginia Building Permits Portal. Access to the local Parcel Map Viewer and the Development Code is also available.

Market Data & Economic Reports

Rice's commercial real estate market is supported by robust data sets from public sources such as census.gov and local economic impact reports. Brevitas harnesses AI-powered aggregation of public data and internal insights to provide a comprehensive view of Rice's CRE landscape. Explore Brevitas-powered dashboards for Rice, Virginia here.