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Property profile & analytics
FOR LEASE
Office buildings

320 S Tryon St Charlotte, NC 28202

23,054 SF 0.43 ac lot Built 1915
Entity Owned 6-yr Hold Free & Clear
Property ID
US53-0847576
Property summary
AI-generated overview

This exceptional mixed-use property, located at 320 S Tryon St in Charlotte, NC, presents a compelling investment opportunity. The 23,144 square foot, two-story building, constructed in 1914 and extensively renovated in 1986 and 2023, sits on a 0.428-acre lot. Currently boasting 86% occupancy with 16 tenants, including notable names like Chipotle and Potbelly, this multi-tenant property offers a diverse revenue stream. The property's prime location in Charlotte's Central Business District benefits from a strong surrounding employer base and proximity to major attractions like Bank of America Stadium, Spectrum Center, and Truist Field. With 3,201 square feet of available space and potential for percentage rent increases, this Core+ investment offers significant upside potential. The affluent surrounding neighborhood, with an average household income exceeding $150,000 within a one-mile radius, further enhances the property's long-term value. The property consists of 26 units across one building and features rent bumps. APN: 07302126A, 07302126B, 07302126C. This is a truly unique opportunity to acquire a trophy urban infill asset in a thriving market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1915
Total area 23,054 SF
Lot 0.43 ac (18,682 SF)
Zoning code UMUD
APN 07302126A
UPID US53-0847576
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
  • Felix Handmade Empanadas Restaurant
  • Watson Hospitality Associates Construction Company General Contractor
  • Besoin Gallery Clothing & Fashion Store
  • 800 DEGREES UPTOWN | LATTA ARCADE Restaurant
  • Maneki Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$12.34M
CAP Approach CAP
$5.85M
Comparable Approach Comparable
$12.42M
Blend (final) Blend
$8.93M
Owner & transaction history
Np Latta Arcade LLC · 6 yrs held
Np Latta Arcade LLC
since 2020
Last sale
$7.5M
3 recorded transactions
2025
Price N/A
2020
$7.5M
2020
Price N/A
Zoning & alternative use
UMUD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $14.7M +9.2%
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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