Historic Retail/Office Condo in
221 S Tryon St Charlotte, NC 28202
221 S Tryon St, Charlotte, NC, 28202
Contact for pricing
For Sale
Contact for pricing
Retail/office condo in historic building, Charlotte's Central Business District.
Property Size4,149 SF
Price / SF$524.22
Days on Market693
Property Features for 221 S Tryon St
General Information
- Standard status
- Active
- Size
- 4,149 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1899
Listing agency
First & Early Partners
(704) 714-7600
Listed by
Katie Corrie · License #306897
Source
Crexi
Added: Aug 30, 2024 Updated: Jul 10 at 11:17AM Checked: Jul 22 at 4:16PM
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 First & Early Partners
Investment Insights
Based on property information with market context.
Located at 221 South Tryon Street in Charlotte's Central Business District, this retail/office condominium is situated within the historic McCausland Building, formerly Thacker’s Restaurant. The property offers 4,149 square feet of ground floor retail/office space in Suite 100. Originally constructed in 1899 for stove merchants and tinsmiths, the building was renovated in 1936 as Thacker’s Restaurant. The building showcases Charlotte's commercial architecture and serves as a reminder of the city's evolution. The location is in the heart of Uptown Charlotte, known for its dynamic street retail scene. The property is near the NASCAR Hall of Fame and the Spectrum Center, home of the Charlotte Hornets. The EpiCentre entertainment complex and Bank of America Stadium are also nearby, enriching the area's appeal. This location offers an environment for retail success in Charlotte's urban landscape.
Key Highlights
- Prime location in the heart of Uptown Charlotte's dynamic street retail scene.
- Rare historic landmark building (McCausland Building‑Thacker’s Restaurant) dating back to 1899.
- 4,149 SF of ground floor retail/office space (Suite 100).
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $102.1k | $24.60 |
| − Vacancy | −$2.8k | −$0.68 |
| EGI | $99.2k | $23.92 |
| − OpEx | −$29.8k | −$7.18 |
| NOI | $69.5k | $16.74 |
4,149 SF · lease $24.60/SF/yr · vacancy 2.77% · expense 30.00%
Alternative Uses
Best Use
Retail
$992.4K
$868.3K – $1.16M
NOI $69,467 @ 7.0% cap · market cap 3.19%
Second Best
Office B
$915.4K
$801.0K – $1.07M
NOI $64,077 @ 7.0% cap · market cap 2.95%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,714 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
David M. Watkins
Art Gallery
Netview Inc
Employment Agency
Sprinter Hydration
Dental Office
Emerson Joseph
Barber Shop
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FAQs
What type of property is this?
Mixed-use property - Retail/office condo in historic building, Charlotte's Central Business District.
Where is this mixed-use property located?
The property is located at 221 S Tryon St Charlotte, NC.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Prime location in the heart of Uptown Charlotte's dynamic street retail scene.; Rare historic landmark building (McCausland Building‑Thacker’s Restaurant) dating back to 1899.; 4,149 SF of ground floor retail/office space (Suite 100).
