2640 Tryon StCharlotte, NC 28203

Property Details for 2640 Tryon St

Year built

1932

Lot size

0.52 AC

Property size (Sq ft)

4,546 SF

Zone code

B1

Property type

Retail properties

Property subtype

Retail space

APN

14501101

APU

14501101

Description

This exceptional 4,546 square foot freestanding building presents a unique investment opportunity in Charlotte's vibrant South End. Located at 2640 South Tryon Street, this property boasts high visibility on a heavily trafficked thoroughfare near the intersection of Remount Road. The 0.51-acre lot offers significant potential for adaptive reuse, catering to a variety of commercial ventures. Currently vacant, this building is zoned B-1, allowing for flexible usage including retail, office, or general commercial purposes. The asking price is $1,895,000, translating to $416.85 per square foot. On-site parking is available, adding to the property's appeal. This prime location and versatile zoning make this an ideal investment for developers or businesses seeking a high-impact presence in a thriving area of Charlotte, North Carolina. The property's size and location make it a compelling option for those seeking a significant commercial presence in a rapidly developing neighborhood. This is a rare opportunity to acquire a substantial freestanding building in a highly desirable area of Mecklenburg County, with easy access to major transportation routes. The building's existing structure provides a solid foundation for immediate occupancy or extensive renovation, depending on the buyer's vision.

• CAP approach

  CAP return

  Valuation

  6%

  $2,206,462

  6.5%

  $2,036,734

  7%

  $1,891,253

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,939,946

  Geo Method

  $1,939,946

• Alternative Use

  Use

  Valuation

  Residential

  $1,718,062

  Hospitality

  $1,573,735

  Educational

  $1,309,329

  Medical

  $1,354,359

  Retail

  $2,036,734

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2046

Longitude

-80.8707

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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