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    Property profile & analytics
    OFF-MARKET Estimated value $5,000,000
    Strip malls

    2729 Tryon St Stn, Charlotte, NC 28206-2706

    11,680 SF 1.06 ac lot Built 1986
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US53-1010085
    Property summary
    AI-generated overview

    This exceptional 12,000-square-foot, single-story office building is ideally situated in Charlotte's vibrant North End submarket, at 2729 N Tryon St, near Matheson Ave. The property boasts seven individual suites, perfect for multiple tenants or a single large occupant. Currently, 1,400 square feet of space is available for lease. The building benefits from convenient access to both N Tryon Street and W 31st Street, providing excellent visibility and accessibility. Its location within a thriving multifamily corridor is a significant advantage. Within a 1.5-mile radius, over 3,000 residential units have been added in the last five years, with another 2,000 units currently under construction or planned. This strong residential growth creates a substantial pool of potential customers for businesses located in the building. The property's suitability for a variety of service-oriented businesses, including dental, salon, medical, and mobile providers, is further enhanced by its proximity to popular Charlotte neighborhoods like NoDa and Optimist Park. Extensive renovations are planned for completion in the first quarter of 2025, ensuring a modern and updated space for tenants. Inquire for pricing and lease terms.

    Property profile
    Verified
    Property type Strip malls
    Use group SHOPPING CENTER, STRIP CENTER
    Year built 1986
    Total area 11,680 SF
    Lot 1.06 ac (46,261 SF)
    Zoning code I-2
    APN 8501105
    UPID US53-1010085
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hix Insurance Center 👍 Charlotte Insurance Agency
    • Justin's Exclusive Cuts-Styles Barber Shop
    • Kelly Tobacco & Vape (Bike/Boat/Book/etc) Store
    • Unique Lady Hair Design Hair Salon Nail Salon
    • ATM Atm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $5.00M
    CAP Approach CAP
    $3.47M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $5.00M
    Owner & transaction history
    Northend Retail LLC · 1 yrs held
    Northend Retail LLC
    since 2024
    Last sale
    $5.0M
    1 recorded transaction
    2024
    $5.0M
    Zoning & alternative use
    I-2 · Charlotte, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $8.1M +131.1%
    Restaurant $7.5M +113.8%
    Medical building $4.7M +34.8%
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