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

Introduction

Waverly, West Virginia, although small in size, presents a unique and strategic opportunity for commercial real estate (CRE) investment. Nestled in the scenic landscape of West Virginia, Waverly has developed a robust local economy with a focus on sectors such as manufacturing, logistics, and agriculture. Its proximity to major transportation routes and central location within the state make it an appealing hub for businesses looking to expand their operations. The city’s commitment to economic development and its attractive zoning incentives further bolster its appeal to CRE professionals.

Economic and Industry Overview

Waverly's economy is primarily driven by manufacturing and logistics, which create a consistent demand for industrial and commercial properties. The presence of light manufacturing and distribution centers highlights the city's role as a pivotal point in regional supply chains. Economic development initiatives, supported by the West Virginia Development Office, aim to diversify the local economy, encouraging innovation and investment in new industries.

Strategic Location and Transportation Infrastructure

Waverly is strategically positioned near major highways, including Interstate 77, which facilitates easy access to regional markets. The presence of rail lines enhances its capabilities as a distribution hub, providing seamless connectivity for freight transport. Although Waverly does not have its own airport, it benefits from its proximity to the Mid-Ohio Valley Regional Airport, located just a short drive away. This strategic location offers logistical advantages by connecting businesses to broader labor pools and regional markets.

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

Commercial Real Estate Inventory & Zoning

Waverly's CRE landscape is characterized by distinct submarkets that cater to various asset classes: - Industrial Corridors: Predominantly located along the major highways, offering warehousing and distribution facilities. - Retail Spaces: Concentrated in the town center, serving the local community and surrounding areas. - Office Spaces: Limited but growing, with opportunities for professional services and tech startups.

The city has implemented zoning changes to attract developers, including incentives for mixed-use developments. For zoning maps and details, visit the Wood County GIS Map Viewer.

Major Employers and Institutions

Key employers in Waverly include local manufacturing firms and logistics companies, which are crucial to the economy. Additionally, the presence of educational institutions within proximity, such as West Virginia University at Parkersburg, supports workforce development and innovation.

For more details on local businesses, visit the Wood County Economic Development.

Notable Commercial Developments & Projects

Recent developments in Waverly include mixed-use projects that combine retail, office, and residential spaces, fostering a vibrant business environment. The city has also identified Opportunity Zones to attract investment through tax incentives. Information on ongoing projects can be found at the Wood County Planning Department.

Building Permits, Planning, and Development Tools

For those interested in development opportunities, Waverly offers several resources: - City Building and Safety Department - Permitting Portal - Parcel Map Viewer / GIS - Planning Commission - Development Code

Market Data & Economic Reports

Waverly's economic landscape is supported by a variety of public data sets, including those from census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation from these sources to provide in-depth insights and analytics. Explore Brevitas-powered dashboards for Waverly to access real-time market data and trends.

Why Use Brevitas for Waverly, West Virginia CRE?

Brevitas offers a comprehensive platform for CRE discovery in Waverly, West Virginia. With AI-driven insights, real-time market alerts, and smart property pages, Brevitas empowers investors and brokers with tools for seamless collaboration. Key features include: - Auto-generated listing pages - Email and landing page tools - Integration with brokers and developers - Exclusive listings and premium exposure

Discover unparalleled opportunities in Waverly, West Virginia, with Brevitas as your trusted CRE marketplace.