Property profile

2601 Tryon St Charlotte, NC 28206

OFF-MARKET
Strip malls
Property ID
US53-0981243
9,100 SF 0.71 ac lot Built 1992
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.977-acre mixed-use site in Charlotte, North Carolina, presents a rare development opportunity. Located at the hard corner of South Tryon Street and Remount Road, this property boasts high visibility and excellent traffic counts, enhanced by two existing curb cuts at a signalized intersection. The site is zoned TOD-UC, allowing for substantial vertical development, ideal for a hotel, luxury apartments, or office space. The property includes two existing modular metal buildings totaling 10,000 square feet, situated on a slab. Its prime location offers easy access to South End amenities and is conveniently located just 0.5 miles from the New Bern Light Rail Station. The nearly one-acre lot features excellent dimensions and a desirable hard corner location, making it a truly unique opportunity in a rapidly growing area. The asking price is $9,500,000. The property's address is 2601 S Tryon St, Charlotte, NC 28203, and its APN is 14701185. This is a Class A property with significant potential for a high-impact development project. The site's dimensions and location offer exceptional visibility and accessibility, making it an attractive investment for developers seeking a high-profile project in a thriving urban environment.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1992
Total area 9,100 SF
Lot 0.71 ac (30,988 SF)
Zoning code I-2
APN 7908810
UPID US53-0981243

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
  • Barber Shop
  • (Bike/Boat/Book/etc) Store Printing Service
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Auto Repair Shop
  • Auto Repair Shop

Location

2601 Tryon St Charlotte, NC 28206-2727
Charlotte metro Census 5200 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.31M

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

I-2 · Charlotte, NC

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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