2640 Tryon St Charlotte, NC 28203
- Retail space
- 4,546 SF
- 0.52 lot acres
Current Use by Public Records
- Retail space
Property Details for 2640 Tryon St
- Year built
- 1932
- Lot size
- 0.52 lot acres
- Property size
- 4,546 SF
- Zone code
- B1
- Property type
- Retail space
- APN
- 14501101
- APU
- 14501101
Description
This exceptional 4,546 square foot freestanding building presents a unique investment opportunity in Charlotte's vibrant South End. Located at 2640 South Tryon Street, this property boasts high visibility on a heavily trafficked thoroughfare near the intersection of Remount Road. The 0.51-acre lot offers significant potential for adaptive reuse, catering to a variety of commercial ventures. Currently vacant, this building is zoned B-1, allowing for flexible usage including retail, office, or general commercial purposes. The asking price is $1,895,000, translating to $416.85 per square foot. On-site parking is available, adding to the property's appeal. This prime location and versatile zoning make this an ideal investment for developers or businesses seeking a high-impact presence in a thriving area of Charlotte, North Carolina. The property's size and location make it a compelling option for those seeking a significant commercial presence in a rapidly developing neighborhood. This is a rare opportunity to acquire a substantial freestanding building in a highly desirable area of Mecklenburg County, with easy access to major transportation routes. The building's existing structure provides a solid foundation for immediate occupancy or extensive renovation, depending on the buyer's vision.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,190,000
- 6.5%
- $1,170,000
- 7%
- $1,240,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,130,000
- Geo Method
- $1,250,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,185,000
- Retail
- $1,575,000
- Mixed-Use
- $1,210,000
- Hospitality
- $1,230,000
- Educational
- $1,260,000
- Residential Income
- $1,220,000
- Energy
- $1,530,000
- Income-Based Land
- $1,355,000
- Food Service
- $1,375,000
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8707
- Latitude
- 35.2046
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
