For Sale
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320 Tryon StCharlotte, NC 28202

Uptown Charlotte Mixed-Use Investment

Overview

Added:
Dec 11, 2024
Days on market:
117
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.

Highlights

  • Prime location in Charlotte's Central Business District, drawing traffic from over 67,000 employees within a 1-mile radius and major venues like Bank of America Stadium, Spectrum Center, and Truist Field.
  • Recent renovations and repositioning have attracted high-quality food and beverage tenants, including Chipotle and Potbelly.
  • Significant upside potential with 3,201 square feet of available space and percentage rent opportunities.
  • Strong demographics, with an average household income exceeding $150,000 within a one-mile radius.

Property Details for 320 Tryon St

Property type
Lifestyle centers, Power centers
Square Feet
23,144 SF
Year Built/Renovated
1914/1986
Buildings
1
Stories
2
Lot Size (sq. ft)
18,644 SF
Units
26

Location Insight

City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.22517635224
Longitude
-80.845977377987
320 Tryon St, Charlotte, North Carolina

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320 Tryon St
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