109 W 8th Ave 5,629 SF Office Building Gastonia, NC 28054 $1,490,568 CAD ($264.80 CAD/SF) 6% Cap Rate

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.