109 W 8th Ave - Office FOR SALE


Gastonia, NC 28054
$1,105,000 USD
704-340-5268
109 W 8th Ave, Gastonia, NC for Sale
$1,105,000 USD
Office - FOR SALE
1/11
null | 6% Cap Rate

109 W 8th Ave
Gastonia, NC 28054


HIGHLIGHTS

  • Government-backed lease with eight years remaining
  • Recently renovated building meeting tenant specifications
  • Located next to a newly constructed city park
  • Positioned in Gastonia, minutes from Charlotte and major highways
  • Strong NOI with a 6% cap rate and renewal option for added security

OVERVIEW

This stabilized investment opportunity at 109 West 8th Avenue in Gastonia, NC, offers secure income backed by a government tenant. The property is leased to the North Carolina Department of Health and Human Services, Division of Vocational Rehabilitation, with eight years remaining on a ten-year term and a five-year renewal option. The 5,629 SF building has been recently updated to meet lease requirements, ensuring compliance and modern functionality. Strategically positioned adjacent to a brand-new city park and within minutes of Charlotte, the site benefits from Gastonia’s growing reputation as a business-friendly community. The city’s proactive infrastructure investments, including plans for light rail and the FUSE District—a vibrant hub for sports, entertainment, and urban living—enhance long-term value. With major transportation corridors and airports within a 15-minute drive, this property offers exceptional accessibility for regional connectivity. Priced at $1,105,000 with a 6% capitalization rate and a strong NOI of $66,304.72, this asset delivers predictable cash flow and minimal management responsibilities. Ideal for investors seeking stability, government-backed tenancy, and a location poised for continued growth.

FOR SALE DETAILS

PRICE

$1,105,000 USD

PRICE/SF

$196 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

OFF01

APN/PARCEL ID

111260

ASK ABOUT THIS PROPERTY

Austin HollandMECA Commercial Real EstateMore Info
704-340-5268

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Austin HollandMECA Commercial Real EstateMore Info
704-340-5268

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.