Property profile

5605 Tryon St Charlotte, NC 28213

OFF-MARKET
Drive through restaurants
Property ID
US53-1090812
2,082 SF 1.49 ac lot Built 2005
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

This 2,053 square foot single-tenant retail space at 5605 N Tryon St in Charlotte, NC, presents a unique investment opportunity. Located in Mecklenburg County, zip code 28213, the property sits on a 0.78-acre lot and boasts ample parking, a significant advantage in a high-traffic area. The building is zoned TOD-TR, reflecting its suitability for transit-oriented development. Currently vacant, the entire 2,053 square feet is available for immediate occupancy. Its strategic location near a light rail station and a well-lit intersection ensures high visibility and accessibility for potential businesses. The property's previous use as a restaurant makes it an ideal second-generation space for a similar establishment or a business seeking a ready-made layout. This location offers excellent potential for businesses seeking to establish a strong presence in a thriving Charlotte neighborhood. The property's size and features make it suitable for a variety of retail uses, benefiting from the high foot traffic and convenient access provided by its proximity to public transportation. Serious inquiries are encouraged to explore this exceptional opportunity.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2005
Total area 2,082 SF
Lot 1.49 ac (65,122 SF)
Zoning code TOD-TR
APN 8920123
UPID US53-1090812

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
  • Cafe & Coffee Shop

Location

5605 Tryon St Charlotte, NC 28213-6805
Charlotte metro Census 5306 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

Zoning & alternative use

TOD-TR · Charlotte, NC
Zoning description

The Transit Transition Zoning District is appropriate for parcels near moderate-intensity rapid transit stations and streetcar stops to transition from higher intensity Transit Oriented Development Zoning Districts to ad…

General category RESIDENTIAL

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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