2601 Tryon StCharlotte, NC 28203

Property Details for 2601 Tryon St

Year built

1992

Lot size

0.71 AC

Property size (Sq ft)

9,100 SF

Zone code

I-2

Property type

Retail properties

Property subtype

Strip malls

APN

7908810

APU

7908810

Description

This exceptional 0.977-acre mixed-use site in Charlotte, North Carolina, presents a rare development opportunity. Located at the hard corner of South Tryon Street and Remount Road, this property boasts high visibility and excellent traffic counts, enhanced by two existing curb cuts at a signalized intersection. The site is zoned TOD-UC, allowing for substantial vertical development, ideal for a hotel, luxury apartments, or office space. The property includes two existing modular metal buildings totaling 10,000 square feet, situated on a slab. Its prime location offers easy access to South End amenities and is conveniently located just 0.5 miles from the New Bern Light Rail Station. The nearly one-acre lot features excellent dimensions and a desirable hard corner location, making it a truly unique opportunity in a rapidly growing area. The asking price is $9,500,000. The property's address is 2601 S Tryon St, Charlotte, NC 28203, and its APN is 14701185. This is a Class A property with significant potential for a high-impact development project. The site's dimensions and location offer exceptional visibility and accessibility, making it an attractive investment for developers seeking a high-profile project in a thriving urban environment.

• CAP approach

  CAP return

  Valuation

  6%

  $3,273,838

  6.5%

  $3,022,004

  7%

  $2,806,146

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,883,305

  Geo Method

  $3,883,305

• Alternative Use

  Use

  Valuation

  Residential

  $2,549,173

  Hospitality

  $2,335,029

  Educational

  $1,942,717

  Medical

  $2,009,530

  Retail

  $3,022,004

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2485

Longitude

-80.8169

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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