2729 Tryon StCharlotte, NC 28206

Property Details for 2729 Tryon St

Year built

1986

Lot size

1.06 AC

Property size (Sq ft)

11,680 SF

Zone code

I-2

Property type

Strip malls

Property subtype

Neighborhood centers

APN

8501105

APU

8501105

Description

This exceptional 12,000-square-foot, single-story office building is ideally situated in Charlotte's vibrant North End submarket, at 2729 N Tryon St, near Matheson Ave. The property boasts seven individual suites, perfect for multiple tenants or a single large occupant. Currently, 1,400 square feet of space is available for lease. The building benefits from convenient access to both N Tryon Street and W 31st Street, providing excellent visibility and accessibility. Its location within a thriving multifamily corridor is a significant advantage. Within a 1.5-mile radius, over 3,000 residential units have been added in the last five years, with another 2,000 units currently under construction or planned. This strong residential growth creates a substantial pool of potential customers for businesses located in the building. The property's suitability for a variety of service-oriented businesses, including dental, salon, medical, and mobile providers, is further enhanced by its proximity to popular Charlotte neighborhoods like NoDa and Optimist Park. Extensive renovations are planned for completion in the first quarter of 2025, ensuring a modern and updated space for tenants. Inquire for pricing and lease terms.

• CAP approach

  CAP return

  Valuation

  6%

  $4,202,024

  6.5%

  $3,878,792

  7%

  $3,601,735

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,984,286

  Geo Method

  $4,984,286

• Alternative Use

  Use

  Valuation

  Residential

  $3,271,906

  Hospitality

  $2,997,048

  Educational

  $2,493,509

  Medical

  $2,579,264

  Retail

  $3,878,792

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2496

Longitude

-80.8154

CBSA code

16740

CBSA name

CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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