38 Trade St, Tryon, NC 28782-6656
This exceptional 0.58-acre property at 38 N Trade Street in Tryon, NC, presents a unique investment opportunity. Listed at $1,150,000, this landmark building offers significant potential for redevelopment. The current owner has already invested over $200,000 in demolition and comprehensive building plans for a mixed-use development incorporating retail and apartment spaces. The property's substantial size allows for ample parking, accommodating over 30 vehicles – a highly desirable feature in the vibrant downtown Tryon area. Tryon's popularity as a residential and business hub makes this location exceptionally attractive. The building's prominent position ensures high visibility and strong public awareness, setting the stage for a successful future. Detailed architectural renderings and plans are available for review, showcasing the extensive groundwork already completed. This property is ready for a visionary investor to transform it into a thriving commercial and residential complex. The possibilities are virtually limitless, making this a truly exceptional investment opportunity. The hard work of initial demolition and planning is already done, leaving the canvas clear for your creative vision.
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Tekserve Inc Electronics & Wireless Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.