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    Property profile & analytics
    OFF-MARKET Estimated value $715,000
    Drug stores

    38 Trade St, Tryon, NC 28782-6656

    6,889 SF 0.23 ac lot Built 1915
    Entity Owned ~ Est. High Equity
    Property ID
    US53-3717186
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Drug stores
    Use group DRUG STORE, PHARMACY
    Year built 1915
    Total area 6,889 SF
    Lot 0.23 ac (10,019 SF)
    APN T8-B4
    UPID US53-3717186
    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
    • Tekserve Inc Electronics & Wireless Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $695k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $967k
    Blend (final) Blend
    $715k
    Owner & transaction history
    Tryon Skyline LLC
    Tryon Skyline LLC
    since 2025
    Last sale
    $675,000
    4 recorded transactions
    2025
    $950,000
    2021
    $675,000
    2019
    2008
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
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