Property profile

2729 Tryon St Stn Charlotte, NC 28206

OFF-MARKET
Strip malls
Property ID
US53-1010085
11,680 SF 1.06 ac lot Built 1986
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Barber Shop
  • (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon
  • Atm

Location

2729 Tryon St Stn Charlotte, NC 28206-2706
Charlotte metro Census 5200 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$5.0M
1 recorded transaction
2024
$5.0M

Zoning & alternative use

I-2 · Charlotte, NC
Top alternative use upside
Commercial (general) $8.1M +131.1%
Restaurant $7.5M +113.8%
Medical building $4.7M +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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