Smithville, Tennessee: A Premier Destination for Commercial Real Estate

Introduction

Smithville, Tennessee, located in DeKalb County, is a growing city with significant commercial real estate (CRE) potential. Despite its modest size, Smithville is a hub for various industries, leveraging its strategic geographic location. The city's economy is diverse, with a strong presence in manufacturing, healthcare, and retail sectors, all of which drive demand for different types of commercial properties, including office spaces, retail centers, and industrial sites.

Economic and Industry Overview

Smithville is home to a variety of industries that sustain its economic health and CRE demand. Key sectors include:

• Manufacturing: The city hosts several manufacturing companies, providing a steady demand for industrial real estate.
• Healthcare: With institutions like Ascension Saint Thomas DeKalb Hospital, the healthcare sector supports the market for medical office buildings.
• Retail: The city's retail scene is robust, driven by both local consumers and visitors, necessitating retail property development.

Local economic development initiatives, such as those led by the DeKalb County Economic Development Agency, play a crucial role in fostering a business-friendly environment.

Strategic Location and Transportation Infrastructure

Smithville benefits from a strategic position with access to major transportation networks:

• Highways: Proximity to U.S. Route 70 and State Route 56 facilitates easy transportation and logistics.
• Airports: While Smithville does not have a major airport, Nashville International Airport is approximately an hour's drive, providing access to national and international markets.
• Rail: The city is within reach of rail services, enhancing its logistical advantages.

These transportation assets offer significant benefits for distribution and access to labor pools. For more information, visit the Tennessee Department of Transportation.

Commercial Real Estate Inventory & Zoning

Smithville's CRE landscape includes various submarkets, each with unique characteristics:

• Central Business District (CBD): Primarily hosts office spaces and retail establishments.
• Industrial Corridors: Located on the outskirts, suitable for warehousing and manufacturing facilities.
• Retail Zones: Concentrated along major thoroughfares with high foot traffic.

Recent zoning changes and incentives, such as tax abatements for developers, are detailed in the Smithville Planning Commission resources.

Major Employers and Institutions

Smithville's CRE demand is driven by major employers and institutions:

• Top Employers: Federal Mogul Corporation and Star Manufacturing International.
• Educational Institutions: Smithville is near Tennessee Technological University, contributing to a skilled workforce.

For a comprehensive list of businesses, visit the Smithville Business Directory.

Notable Commercial Developments & Projects

Recent developments in Smithville illustrate its growing CRE landscape:

• Mixed-Use Projects: Several mixed-use developments are underway, combining residential, retail, and office spaces.
• Opportunity Zones: Certain areas in Smithville qualify as Opportunity Zones, offering tax incentives for investors.

Detailed information on these projects can be found through the Smithville Planning Department.

Building Permits, Planning, and Development Tools

Smithville provides resources to streamline CRE development:

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

Market Data & Economic Reports

Smithville's market data is available through various public sources:

• Census.gov
• Smithville Open Data Portal
• Economic impact reports from local agencies.

Brevitas uses AI-powered aggregation from these public data sources to provide insights. Explore Brevitas-powered dashboards for Smithville here.

Why Use Brevitas for Smithville, Tennessee CRE?

Brevitas offers cutting-edge tools for CRE professionals in Smithville:

• AI-Driven CRE Discovery: Advanced algorithms to find the best properties.
• Real-Time Market Alerts: Stay updated with the latest market trends.
• Smart Property Pages: Detailed property listings with in-depth insights.
• Dealroom Collaboration: Seamless interaction with brokers and developers.
• Exclusive Listings and Premium Exposure: Maximize property visibility.

Brevitas also provides features like auto-generated listing pages, email and landing page tools, and integration with brokers and developers for a comprehensive CRE experience.