2504 Tryon StCharlotte, NC 28206

Property Details for 2504 Tryon St

Year built

1954

Lot size

1.16 AC

Property size (Sq ft)

6,905 SF

Zone code

I-1

Property type

Retail properties

Property subtype

Auto shops

APN

8302304

APU

8302304

Description

This exceptional 2,000-square-foot flex space in Alamance County presents a unique opportunity for businesses seeking a blend of office and warehouse functionality. Situated on a quarter-acre lot, the property boasts a strategic location directly across from Planet Fitness in Graham, ensuring high visibility and convenient access. The existing site plan outlines a 2024-square-foot building, perfectly suited for build-to-suit development, allowing for customization to meet specific operational needs. The design incorporates dedicated office space and a sizable warehouse or storage area, catering to a diverse range of businesses. This single-tenant property offers unparalleled flexibility and control, making it an ideal choice for companies requiring both office and industrial space. The property's location is particularly well-suited for trade-related businesses, offering easy access to major transportation routes and a thriving local market. The property type is officially classified as Office and Industrial, and the subtype is Flex. The total building square footage is 2,000 square feet, and the land encompasses 0.25 acres. This is a single-tenant occupancy property. Interested parties are encouraged to review the available site plan for a comprehensive understanding of the property's layout and potential.

• CAP approach

  CAP return

  Valuation

  6%

  $2,484,159

  6.5%

  $2,293,070

  7%

  $2,129,279

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,946,618

  Geo Method

  $2,946,618

• Alternative Use

  Use

  Valuation

  Residential

  $1,934,290

  Hospitality

  $1,771,800

  Educational

  $1,474,116

  Medical

  $1,524,814

  Retail

  $2,293,070

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2471

Longitude

-80.8172

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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