Property profile

307 Tremont Ave Charlotte, NC 28203

FOR LEASE
Retail space
Property ID
US53-4802309
45,914 SF 3.36 ac lot Built 1978
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This Class A office building, located at 307 W Tremont Ave in Charlotte, NC's vibrant South End, offers 27,400 square feet of flexible workspace. Currently, 5,650 square feet are available in multiple suites, with a minimum divisible space of 50 square feet and a maximum contiguous space of 1,300 square feet. The building boasts 350 total suites, catering to diverse business needs, from traditional office spaces to executive suites, coworking areas, and creative offices. Renovated in 2019, the property features modern amenities including elevators. Its central location in Mecklenburg County provides easy access to public transportation and a wealth of nearby restaurants and amenities. Enjoy a dynamic community atmosphere, high-speed WiFi, and a relaxing courtyard. This is an exceptional opportunity to establish your business in a thriving, energetic neighborhood. The building's prime location and flexible space options make it ideal for a variety of businesses seeking a modern and inspiring work environment. This is a perfect location for businesses seeking a collaborative and productive atmosphere in the heart of Charlotte's South End.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Total area 45,914 SF
Lot 3.36 ac (146,492 SF)
Zoning code TOD-UC
APN 12103220
UPID US53-4802309

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
  • Accounting Firm Tax Preparation
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Advertising Agency Marketing & Advertising
  • Marketing & Advertising
  • Business Management Consultant Insurance Agency

Location

307 Tremont Ave Charlotte, NC 28203
Charlotte metro Census 3701 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
$31.88M
Blend (final) Blend
$29.36M

Owner & transaction history

since 2021
Last sale
$25.0M
4 recorded transactions
2021
$25.0M
2021
Price N/A
2017
$7.3M
2017
Price N/A

Zoning & alternative use

TOD-UC · Charlotte, NC
Zoning description

The Transit Urban Center Zoning District is appropriate for parcels near high-intensity rapid transit stations and streetcar stops

General category UNKNOWN
Top alternative use upside
Commercial (general) $31.7M +37.2%
Restaurant $29.3M +26.9%
Office building $24.1M +4.4%

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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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