Hazard, Kentucky Commercial Real Estate 1 Listing

Hazard, Kentucky: A Premier Destination for Commercial Real Estate

Introduction

Hazard, Kentucky is emerging as a key player in the commercial real estate (CRE) landscape. Situated in the heart of the Appalachian region, Hazard offers a unique blend of small-town charm and economic opportunity. With a population of approximately 5,000, the city is a hub for healthcare, education, and energy industries, driving demand for various commercial property types. Its strategic location and growing economic initiatives make it an attractive destination for CRE investors and professionals.

Economic and Industry Overview

Hazard's economy is primarily fueled by healthcare, education, and energy sectors. The presence of the Appalachian Regional Healthcare (ARH) system and Hazard Community and Technical College underscores the city's role as a regional healthcare and educational center. The energy sector, particularly coal mining, has historically been a significant contributor to the local economy, although diversification efforts are ongoing. The demand for office and industrial spaces is on the rise, driven by these sectors. Organizations like the Kentucky Economic Development Finance Authority are actively involved in initiatives to boost local industries.

Strategic Location and Transportation Infrastructure

Hazard's strategic location offers significant logistical advantages. The city is accessible via major highways such as the Hal Rogers Parkway and KY-15, facilitating easy transportation. While Hazard does not have a major airport, it is within driving distance of Blue Grass Airport in Lexington. The city’s proximity to larger markets and its access to a skilled labor pool make it an attractive location for distribution and logistics operations. For more details, visit the Kentucky Transportation Cabinet.

Commercial Real Estate Inventory & Zoning

Hazard's commercial real estate market is characterized by diverse submarkets, including the central business district (CBD) and surrounding industrial areas. Key asset classes include retail, office, and industrial properties, with increasing interest in medical and mixed-use developments. Recent zoning changes have introduced incentives for developers, particularly in designated Opportunity Zones. Explore the city's zoning maps for more information.

Major Employers and Institutions

The city's CRE market is significantly influenced by major employers such as Appalachian Regional Healthcare and Hazard Community and Technical College. These institutions not only provide employment but also attract ancillary businesses and services. For a comprehensive list of local employers, visit Hazard's business directory.

Notable Commercial Developments & Projects

Hazard is witnessing several large-scale development projects, including mixed-use and public-private partnerships. The designation of Opportunity Zones in certain areas is attracting investments and fostering economic growth. For details on ongoing projects and planning initiatives, consult the Hazard Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, the following resources are crucial:

Market Data & Economic Reports

Hazard's market data and economic reports are accessible through platforms like census.gov and the city's open data portal. Brevitas leverages AI-powered aggregation from public data and internal insights to provide comprehensive market analysis. Explore our Brevitas-powered dashboards for detailed insights.

Why Use Brevitas for Hazard, Kentucky CRE?

Brevitas offers unmatched AI-driven CRE discovery, real-time market alerts, and smart property pages, making it the ideal platform for Hazard, Kentucky. Our exclusive features include: