Montgomery, West Virginia: A Premier Destination for Commercial Real Estate

Introduction

Montgomery, West Virginia, offers a unique and attractive landscape for commercial real estate (CRE) investors. Nestled in the heart of the Appalachian Mountains, Montgomery is a small city that holds significant potential for CRE, driven by its strategic location and evolving economic landscape. The city's economy is largely supported by education and healthcare, with notable clusters in these industries creating a steady demand for various types of commercial properties. As a city on the rise, Montgomery is poised to become a key player in the regional CRE market.

Economic and Industry Overview

Montgomery's economy is primarily supported by education and healthcare sectors, with the presence of institutions like West Virginia University Institute of Technology acting as a catalyst for commercial development. The city's industrial base is complemented by a growing interest in renewable energy and technology, driving demand for office and industrial spaces. Regional economic development initiatives, such as those led by the West Virginia Economic Development Authority, aim to attract new businesses and industries, further enhancing Montgomery's CRE appeal.

Strategic Location and Transportation Infrastructure

Montgomery benefits from its strategic location, with access to major transportation routes that facilitate commerce and trade. The city is connected via U.S. Route 60 and is in proximity to Interstate 64, providing logistical advantages for distribution and accessibility to labor pools. While Montgomery does not have a major airport, it is serviced by nearby airports in Charleston and Beckley, ensuring connectivity to broader markets. For more details, refer to the West Virginia Department of Transportation.

Commercial Real Estate Inventory & Zoning

Montgomery's commercial real estate landscape includes diverse submarkets, such as the Central Business District and industrial corridors along the river. Key asset classes include office spaces, retail centers, and industrial facilities. Recent zoning changes and incentives for developers aim to stimulate growth, with updates available through the City of Montgomery Zoning Department. Access the zoning maps and parcel viewers here.

Major Employers and Institutions

Top employers such as West Virginia University Institute of Technology and Montgomery General Hospital are anchors of the local economy, driving demand for commercial real estate. These institutions not only provide employment but also attract ancillary businesses and services. For more information, visit the Montgomery Economic Development site.

Notable Commercial Developments & Projects

Montgomery is witnessing several notable developments, including mixed-use projects and public-private partnerships aimed at revitalizing the downtown area. The city's designation as part of an Opportunity Zone offers additional incentives for investors. Details on ongoing and planned projects can be accessed through the Montgomery Planning Department.

Building Permits, Planning, and Development Tools

For those interested in developing in Montgomery, the following resources are essential:

• City’s Building and Safety Department
• Permitting Portals
• Parcel Map Viewer / GIS
• Planning Commission
• Development Code

Market Data & Economic Reports

Public data sets from sources like Census.gov and the City’s Open Data Portal provide insights into Montgomery's economic landscape. Brevitas leverages AI-powered aggregation to offer comprehensive market insights, available through our Brevitas-powered dashboards.

Why Use Brevitas for Montgomery, West Virginia CRE?

Brevitas offers unparalleled tools for CRE professionals in Montgomery, West Virginia, including:

• AI-driven CRE discovery
• Real-time market alerts
• Smart property pages
• Dealroom collaboration

With features like auto-generated listing pages, email and landing page tools, and integration with brokers and developers, Brevitas ensures exclusive listings and premium exposure for your properties. Explore our Montgomery, WV listings to find the perfect investment opportunity.