320 S Tryon St Charlotte, NC 28202
Property profile & analytics
320 S Tryon St, Charlotte, NC 28202
- Office buildings
- 23,054 SF
- 0.43 lot acres
Property ID
US53-0847576
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by 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
Property Details for 320 S Tryon St
- Year built
- 1915
- Lot size
- 0.43 lot acres
- Zone code
- UMUD
- Property type
- Office buildings
- APN
- 07302126A
- APU
- 07302126A
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $12,300,000
- ML approach
- $12,340,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $6,330,000
- 6.5%
- $5,845,000
- 7%
- $5,425,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,417,000
Market price range: $7.55M - $18.6M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $13,495,000 Current use
- RESTAURANT
- $14,735,000 Change: +9% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charlotte
- County
- Mecklenburg
- State
- North Carolina
- Longitude
- -80.8463
- Latitude
- 35.2255
- CBSA code
- 16740
- CBSA name
- CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,332
$5,634,800
$100
$5,634,900
-
$5,634,800
$100
$5,634,900
