9630 Tryon StCharlotte, NC 28273

Property Details for 9630 Tryon St

Year built

1995

Lot size

1.64 AC

Property size (Sq ft)

3,929 SF

Zone code

I-1

Property type

Banks

APN

20117122

APU

20117122

Description

This exceptional freestanding retail building, totaling approximately 3,863 square feet, presents a unique investment opportunity in Charlotte, North Carolina. Situated on a sizable 1.75-acre lot, the property boasts a convenient drive-thru, a significant asset for various commercial uses. The building currently houses a bank, with an ATM remaining in place under a temporary leaseback agreement, providing immediate potential rental income. Ample parking is available with approximately 42 spaces, ensuring convenient access for customers and employees. The property's zoning is designated I-1 (Light Industrial), offering flexibility for a range of potential uses beyond its current configuration. Located at 9630 S Tryon St, Charlotte, NC 28273, this property benefits from its strategic location within Mecklenburg County. The precise latitude and longitude coordinates are 35.1278183, -80.9433576. This versatile property is ideal for investors seeking a strong return on investment in a high-traffic area. The existing infrastructure and ample parking make it an attractive option for a variety of businesses. The temporary leaseback of the ATM provides a stable income stream during the transition to a new tenant. This is a rare opportunity to acquire a well-located, freestanding building with significant potential.

• CAP approach

  CAP return

  Valuation

  6%

  $1,602,939

  6.5%

  $1,479,636

  7%

  $1,373,948

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,676,649

  Geo Method

  $1,676,649

• Alternative Use

  Use

  Valuation

  Residential

  $1,248,128

  Hospitality

  $1,143,279

  Educational

  $951,194

  Medical

  $983,908

  Retail

  $1,479,636

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.1279

Longitude

-80.9433

CBSA code

16740

CBSA name

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

Property Tax & Assessments

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