Carrollton, Virginia Commercial Real Estate 1 Listing

Carrollton, Virginia: A Premier Destination for Commercial Real Estate

Introduction

Carrollton, Virginia, is emerging as a key player in the commercial real estate (CRE) market. Situated in Isle of Wight County, this small but strategically located community offers a unique blend of economic development opportunities. With its proximity to major economic hubs and transport infrastructure, Carrollton is drawing attention from industries ranging from logistics to manufacturing, making it an attractive destination for CRE investments.

Economic and Industry Overview

Carrollton's economy is primarily driven by its proximity to larger markets such as Newport News and Norfolk. Key industry clusters include:

Logistics and Distribution: The presence of nearby ports supports a robust logistics sector, driving demand for industrial and warehouse spaces.
Manufacturing: The region's manufacturing base fuels the need for industrial properties.
Agriculture and Food Processing: This traditional sector continues to influence the local real estate market.

Carrollton benefits from regional economic development initiatives by the Isle of Wight County Economic Development Department, which actively promotes business growth and investment in the area.

Strategic Location and Transportation Infrastructure

Carrollton offers unparalleled logistical advantages:

Highways: Easy access to U.S. Route 17 and Route 258 facilitates seamless regional connectivity.
Ports: Proximity to the Port of Virginia provides significant opportunities for businesses involved in international trade.
Airports: Newport News/Williamsburg International Airport serves the area, enhancing its connectivity.
Rail Lines: The Norfolk Southern railway supports freight transport.

For more information on transportation infrastructure, visit the Virginia Department of Transportation.

Commercial Real Estate Inventory & Zoning

Carrollton's commercial real estate landscape is diverse:

Industrial Corridors: Abundant industrial spaces cater to the logistics and manufacturing sectors.
Retail and Office Spaces: The presence of mixed-use developments supports a growing need for retail and office spaces.

The Isle of Wight County provides zoning maps and development guidelines, accessible here.

Major Employers and Institutions

Carrollton hosts several significant employers that drive CRE demand:

Smithfield Foods: A major player in the food processing industry.
Newport News Shipbuilding: While not located directly in Carrollton, its regional influence impacts CRE demand.
Local Government and Educational Institutions: Supporting employment and economic stability.

Explore more about local employers through the Isle of Wight County Economic Development.

Notable Commercial Developments & Projects

Recent developments have bolstered Carrollton's CRE landscape:

Mixed-Use Developments: Projects integrating retail, office, and residential spaces are underway.
Opportunity Zones: Initiatives aimed at revitalizing the local economy, with more details available from the Virginia State Opportunity Zone Map.

For project details, visit the Isle of Wight County Planning Department.

Building Permits, Planning, and Development Tools

For developers and investors, Carrollton offers a range of resources:

Market Data & Economic Reports

Public data sets provide valuable insights into Carrollton's CRE market:

Brevitas leverages AI-powered aggregation of public data and internal insights, providing real-time market analysis. Discover Brevitas-powered dashboards for Carrollton here.