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Located just south of the Virginia State Line and at the end of the Chesapeake Expressway toll road, the township’s easy access to the Southside, low personal tax rates, and great schools are luring new residents to the area and creating new business opportunities.
According to 2016 population data, Currituck County leads Northeast North Carolina with 9.6% growth, and Moyock is the county’s fastest growing township. If population growth continues to track as expected, Moyock could swell to 10,000 residents in just five years.
Construction of new homes in Moyock, where the bulk of growth is taking place, is further fueled by the recovering economy and municipal investment in infrastructure that supports the burgeoning community.
One example is the Moyock Wastewater Treatment plant, which could also make commercial development more affordable.
The other catalyst will be the recently approved Moyock Megasite.
Sprinkled throughout Currituck County, the following projects are either completed, in construction or pre-development phase:
As the adage goes, commercial always follows rooftops. Demand for businesses that serve the needs of residents, from medical services to restaurants, recreation, and shopping will fuel growth in the commercial sector and spur the real estate market with increasing demand for retail and office space and other business opportunities.
The census data indicate dynamic growth in Moyock and Currituck County with no evidence of slowing down. Yet, when researching business opportunities for clients, commercial real estate agents should measure an area’s potential for sustainable growth not just by population track alone. Both residential and commercial growth require reliable infrastructure and smart growth plans from local leadership to foster realistic growth. Take a closer look at Moyock and Currituck County and you’ll see we are the perfect location for business expansion or relocation.
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