Single-Tenant Social Security
For Sale
Contact for pricing
202 Charter St, Albemarle, NC 28001
Fee simple Class B office building fully occupied by SSA under a fresh 10-year lease extension.
Property Size5,950 SF
Days on Market135
Property Features for 202 Charter St
General Information
Standard status
Active
Size
5,950 SF
Class
Class B
Property subtype
Office
Occupancy
100%
Site & Location
Traffic Count
26,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
2010
Tenancy
Single
Listing Agency:
Marcus & Millichap | The Patel Yozwiak Group
Listed By:
Justin Fenn · License #OH 2002011928
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 20 at 8:54PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | The Patel Yozwiak Group
Investment Insights
Based on property information with market context.
The property is a fee simple, single-tenant Social Security Administration (SSA) office in a Class B office building with 5,950 rentable square feet. SSA fully occupies the space and has a fresh 10-year (five firm) lease renewal. Tenant improvement work is expected to include new paint and carpet, security upgrades, and new tile, with SSA planning to commit over $200,000 in tenant improvements.
The subject was built-to-suit for SSA in 2010 and includes a 30-year shingle roof. The lease is guaranteed by GSA. The building is located near multiple national retailers, and is described as being near Highway 24, a major throughway out of Albemarle with traffic counts over 26,000 vehicles per day. It is also noted to be approximately four minutes from Albemarle Middle School and Eastgate Shopping Center.
The subject was built-to-suit for SSA in 2010 and includes a 30-year shingle roof. The lease is guaranteed by GSA. The building is located near multiple national retailers, and is described as being near Highway 24, a major throughway out of Albemarle with traffic counts over 26,000 vehicles per day. It is also noted to be approximately four minutes from Albemarle Middle School and Eastgate Shopping Center.
Key Highlights
- Fee simple, single‑tenant SSA office at 202 Charter Street, Albemarle, NC, fully occupied by SSA
- 5,950 rentable SF Class B office building with a fresh 10‑year (five firm) lease renewal
- Lease renewal expected to include $200,000+ in tenant improvements: new paint and carpet, security upgrades, and new tile
Property Analytics
Property Profile
Current Use
Lease Details
26,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 28001, NC
27,185
Population
12,847
Households
2.1
Avg Household Size
43
Median Age
21%
College-Educated
88%
High-School Grad
131.4 sq mi
ZIP Area
207
Density / Sq Mi
$55,610
Median Household Income
$36,684
Median Earnings
$823
Median Rent
$194,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Fee simple Class B office building fully occupied by SSA under a fresh 10-year lease extension.
Where is this office building located?
The property is located at 202 Charter St Albemarle, NC.
What are key features of this property?
This property features: Fee simple, single‑tenant SSA office at 202 Charter Street, Albemarle, NC, fully occupied by SSA; 5,950 rentable SF Class B office building with a fresh 10‑year (five firm) lease renewal; Lease renewal expected to include $200,000+ in tenant improvements: new paint and carpet, security upgrades, and new tile
