Three Oaks Industrial Park
Rated #1 Industrial Site In Virginia
by Virginia Economic Development Partnership (VEDP)
Empower your business to grow to new heights
Welcome to Three Oaks: the ideal setting for the next step in your business journey. Strategically located near some of the region’s major highways (I-64 and US-17) and the Port of Virginia, Three Oaks offers convenient access to not just the Hampton Roads region, but the entire East Coast. All utilities are also already available onsite, making your move that much easier.
Fast Facts
TOTAL SIZE
LOCALITY
Chesapeake
Virginia
SITE Ownership
Public
Property
Site Pricing
$300,000 per acre
Property Use
Industrial & Flex Properties
The Details
Location
Three Oaks Industrial Park is in the heart of Greenbrier, the center of the thriving region of Hampton Roads. This exciting new development opportunity is strategically located, with convenient access to both the interstate and Port of Virginia.
- Strategically located 30 minutes from the Port of Virginia
- A convenient location within 750 miles of two-thirds of the nation’s population and industrial production
- Proximity to a regional transportation hubs, including rail access on-site and nearby international airport
- DISTANCE TO CLOSEST INTERSTATE/HIGHWAY
Three miles for I-64 (Connects from Chesapeake, Virginia to Eastern Missouri)
Zoning
Three Oaks Industrial Park is a 90-acre industrial park that includes all utilities on-site, PUD Zoning, and M1-Light Industrial Zoning.
Zoned as a Planned Unit Development (PUD), park covenants, and architectural guidelines PUD requirements are available from the Chesapeake Economic Development Department.
Additional Information
This 90-acre site can be accessed from Chesapeake’s Volvo Parkway, Principal Lane, and Yupo Court and is adjacent to Summit Pointe Urban Development and Dollar Tree Corporation Headquarters.
The property is part of the Greenbrier Planned Unit Development, one of the most successful PUDs on the East Coast, and has a master stormwater system in place.
Wetland Delineation field surveys have been completed, with no issues found.
View Property Details For Three Oaks Industrial Park
Major Tenants
You’re in good company at Three Oaks. Your business will thrive alongside a vibrant mix of regional and international leaders.
Game Changers
1
Ideal Mid-Atlantic Location
- Two-thirds of the U.S. population located within 750 miles.
- 30 minutes from the Port of Virginia, and even closer to Norfolk International Airport.
- Part of the Greenbrier Planned Unit Development, one of the most successful PUDs on the East Coast.
2
Comprehensive Resources
- All utilities made available onsite.
- PUD Zoning and Light Industrial Zoning.
- Wetland Delineation field surveys have been completed; no issues found.
- Master storm-water system in place.
- Highly skilled and diverse workforce of 850,000.
3
Positive Business Mindset
- Wide variety of state and local incentives available.
- Foreign Trade Zone: allows businesses to import, store and process goods and raw materials duty-free until they leave the zone for domestic consumption.
CHESAPEAKE'S WORKFORCE INCENTIVES
Chesapeake, Virginia offers many workforce incentives that increase employee performance and stimulate your business’s productivity.
VIRGINIA JOBS INVESTMENT PROGRAM
Provides funding to mitigate development costs to recruit, train, and onboard new employees or retrain existing employees.
GREEN JOB CREATION TAX CREDIT
A credit against Virginia personal or corporate income tax for each new green job created in the Commonwealth.
MAJOR BUSINESS FACILITY JOB TAX CREDIT
Income tax credit for each new full-time job created over a threshold number of jobs based on certain thresholds.
V3 EMPLOYER GRANT
Grant funding available for V3 certified employers hiring and retaining Veterans for at least one year.
REGISTERED APPRENTICESHIP INCENTIVE PROGRAM
Partial reimbursement for eligible sponsors and employers for certain costs of related instruction. Industry-specific.
WORKER TRAINING TAX CREDIT
An income tax credit equal to 30% of all expenditures made by the employer for eligible worker training.
WORKFORCE CREDENTIALS GRANT
Grants available to partially fund industry credentials in high-demand occupations.
WORKFORCE INNOVATION & OPPORTUNITY ACT
Federal funding for employment and training activities, including incumbent worker retraining and on-the-job training.
Virginia Talent Accelerator Program
The Virginia Talent Accelerator Program accelerates facility start-ups and expansions by expediting recruiting and shortening the new-hire learning curve.
STATE AND LOCAL INCENTIVES
Chesapeake’s investment incentives enable businesses to operate profitably and decrease risks. Chesapeake Economic Development is ready to help your business take advantage of incentives designed to target the needs of both your company and the development plans of localities and the state.
COMMONWEALTH'S OPPORTUNITY FUND (COF)
Discretionary funds available to the Governor to secure a business location or expansion project for Virginia. Grants are awarded to localities on a local matching basis.
VIRGINIA INVESTMENT PERFORMANCE (VIP) GRANT
The Virginia Investment Performance (VIP) Grant and the Major Eligible Employer (MEE) Grant are discretionary performance incentives designed to encourage continued capital investment.
VIRGINIA ECONOMIC DEVELOPMENT INCENTIVE GRANT
The Virginia Economic Development Incentive Grant (VEDIG) is a discretionary performance incentive, designed to assist and encourage companies to invest and create new employment opportunities.
CHESAPEAKE ECONOMIC DEVELOPMENT INVESTMENT PROGRAM
The City of Chesapeake has established an Economic Development Investment Program (EDIP) to promote committed investment partnerships between the City and its business community.
VIRGINIA SMALL BUSINESS FINANCING AUTHORITY
The Virginia Small Business Financing Authority (VSBFA) offers programs to provide businesses with access to capital needed for growth and expansion.
The Voluntary Remediation Program (VRP)
The Virginia Voluntary Remediation Program (VRP) allows the City of Chesapeake to exempt, or partially exempt, environmental restoration sites from local taxation annually for a period.
Brownfields
Brownfields allows the City of Chesapeake to exempt, or partially exempt, environmental restoration sites from local taxation annually for a period.
PROPERTY TAX EXEMPTIONS
Virginia does not tax intangible property, manufacturers' inventory, or manufacturers' furniture, fixtures, or corporate aircraft.
SALES & USE TAX EXEMPTIONS
Virginia offers some of the broadest sales and use tax exemptions in the U.S.
