203 Allison Blvd 21,117 SF Flex Building Corbin, KY 40701 $5,875,000 ($278.21/SF) 8.86% Cap Rate

We are pleased to offer for sale this single-tenant, government-leased office building located at 203 Allison Blvd in Corbin, Kentucky. The property is fully leased to the U.S. Citizenship and Immigration Services (USCIS) under the General Services Administration (GSA) and serves as a regional federal office, providing essential immigration services to communities across southeastern Kentucky.
Constructed in 1998, the building comprises 21,117 net rentable square feet (per lease) and is situated on a spacious fee simple parcel. The current lease began on June 1, 2016, for a 15-year term with 10 years firm. The property has a five-year non-firm term from 6/1/2026-05/31/2031. The lease calls for landlord to maintain building and grounds, with the federal government responsible for reimbursement of $284,101 with annual CPI increases covering most operating costs. The subject property has tremendous tenant improvements of well over seven figures and thus presents a huge barrier to potential tenant relocation.
Strategically positioned along U.S. Route 25W and just minutes from Interstate 75, the property benefits from high regional accessibility. Its location provides direct routes north to Lexington, KY and south to Knoxville, TN, two major urban centers, each within a 90-minute drive. The property is also served by London-Corbin Airport and proximate to Blue Grass Airport (LEX) for broader regional connectivity.
This asset presents a rare opportunity to acquire a GSA-backed federal office in a strategic, logistics-oriented market. With secure tenancy, consistent regional demand for federal services, and superior transportation connectivity, the property offers compelling long-term investment stability and income potential.