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

Introduction

Parkersburg, West Virginia, presents a compelling opportunity for commercial real estate (CRE) investors and professionals. With a population of approximately 30,000, Parkersburg is strategically positioned in the Mid-Ohio Valley, serving as a hub for commerce and industry. The city boasts a diverse economy with key industry clusters including manufacturing, healthcare, and logistics. Its unique positioning as a commercial nexus in West Virginia makes it an attractive location for CRE investments.

Economic and Industry Overview

Parkersburg's economic landscape is dominated by sectors such as manufacturing, healthcare, and logistics. These industries drive substantial demand for industrial and office spaces. The presence of major employers like Hino Motors Manufacturing and Camden Clark Medical Center underscores the need for robust commercial infrastructure. Regional economic development efforts, led by organizations like the Mid-Ohio Valley Regional Council, continue to enhance the local business climate, offering incentives for CRE development.

Strategic Location and Transportation Infrastructure

Parkersburg benefits from an extensive transportation network that facilitates efficient distribution and logistics operations. Major highways such as I-77 and U.S. Route 50 offer seamless connectivity to key markets. The city's proximity to the Ohio River provides access to port facilities, while the Mid-Ohio Valley Regional Airport supports regional air transport. Additionally, the presence of rail lines enhances Parkersburg's logistical advantages, making it an ideal location for businesses seeking access to diverse transportation modes.

Commercial Real Estate Inventory & Zoning

Parkersburg's CRE market is characterized by diverse submarkets including the Central Business District (CBD) and industrial corridors. Key asset classes include industrial, retail, and office spaces. Recent zoning changes have introduced incentives for developers, particularly in designated Opportunity Zones. For detailed zoning information, refer to the City of Parkersburg Zoning Map.

Major Employers and Institutions

Parkersburg is home to significant employers like Hino Motors and Camden Clark Medical Center, which drive demand for commercial real estate. Educational institutions such as West Virginia University at Parkersburg also contribute to the city's economic vitality. The Parkersburg Chamber of Commerce provides further insights into the local business ecosystem.

Notable Commercial Developments & Projects

The city is witnessing several large-scale development projects, including mixed-use developments and innovation parks. Public-private partnerships are fostering growth in designated Opportunity Zones, enhancing Parkersburg's appeal to CRE investors. For more information on ongoing projects, visit the Parkersburg Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Parkersburg offers a range of planning and development tools:

• Building and Safety Department
• Permitting Portal
• Parcel Map Viewer
• Planning Commission
• Development Code PDF

Market Data & Economic Reports

Access to comprehensive market data is crucial for informed CRE decisions. Public data sets such as those from census.gov and the city's open data portal provide valuable insights. Brevitas leverages AI-powered aggregation from public data and internal insights, offering users access to advanced Brevitas-powered dashboards.

Why Use Brevitas for Parkersburg, West Virginia CRE?

Brevitas offers unmatched capabilities for discovering CRE opportunities in Parkersburg. Key features include:

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

Additional benefits:

• Auto-generated listing pages
• Email and landing page tools
• Integration with brokers and developers
• Exclusive listings and premium exposure

For more information, explore our Brevitas Parkersburg listings.

Parkersburg's strategic location, robust economy, and vibrant CRE market make it an ideal destination for investors and developers seeking growth opportunities. Leverage Brevitas to stay ahead in this dynamic market.