Property profile

2417 Tryon St Charlotte, NC 28206

OFF-MARKET
Strip malls
Property ID
US53-1063355
11,200 SF 0.85 ac lot Built 1989
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 11,200-square-foot traditional office building is situated in Charlotte's vibrant North End submarket, at 2417 N Tryon St, conveniently located near W 28th St. The single-story building offers multiple tenancy options, ideal for a variety of businesses. Its prime location provides easy access to popular neighborhoods like NoDa and Optimist Park, catering to a large pool of potential clients. The property boasts convenient entrances and exits on both N Tryon St and W 28th St, ensuring high visibility and accessibility. This location is particularly well-suited for businesses providing neighborhood services, such as dental practices, salons, mobile providers, or medical offices. The property benefits from its position within one of Charlotte's most dynamic multifamily corridors. Within a 1.5-mile radius, over 3,000 multifamily units have been completed in the last five years, with an additional 2,000 units currently under construction or planned. Extensive renovations are slated for completion in the first quarter of 2025, ensuring a modern and updated space for tenants. This presents a unique opportunity to secure a well-positioned property in a rapidly growing area of Charlotte, Mecklenburg County, NC (zip code 28206). Contact us for pricing and availability.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1989
Total area 11,200 SF
Lot 0.85 ac (37,124 SF)
Zoning code I-2
APN 7908704
UPID US53-1063355

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store
  • Gym & Fitness Center Sports School

Location

2417 Tryon St Charlotte, NC 28206-2742
Charlotte metro Census 5200 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.00M
CAP Approach CAP
$3.33M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.00M

Owner & transaction history

since 2024
Last sale
$5.0M
3 recorded transactions
2024
$5.0M
1988
Price N/A
1988
$73,500

Zoning & alternative use

I-2 · Charlotte, NC
Top alternative use upside
Commercial (general) $7.7M +131.1%
Restaurant $7.2M +113.8%
Medical building $4.5M +34.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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