We are pleased to offer for sale this single-tenant government leased office building located at 800 Centrepark Drive., Asheville, North Carolina. The property consists of a 16,480 square foot office building, constructed in 2001 on a large 1.34-acre parcel. The tenant has a lease running through June 14th, 2027, with a gross lease guaranteed by the United States Government (GSA) with Social Security Administration as the tenant. The subject property is perched in a superior business park on a hill, thus avoiding the common Asheville issue of flooding. This opportunity is priced at a 9.25% Current CAP rate making it perfect for the cash-flow oriented investor. Alternatively, the offering allows a potential for owner occupancy to collect great cash flow and owner occupy the space at the end of the current lease term June 14th, 2027.
The City of Asheville has a diverse $24 billion economy driven by tourism, manufacturing, healthcare, technology and a growing population. Asheville has experienced consistent population growth with the city's population in 2025 estimated to be 95,376, showing a positive annual increase. The greater Asheville metropolitan area is significantly larger, with an estimated population of 381,000 in 2025, demonstrating a more substantial annual growth rate of over 1%. This growth is fueled by in-migration of retirees, remote workers, and young professionals drawn to the quality of life and economic opportunities.