This exceptional 11,200-square-foot traditional office building is situated in Charlotte's vibrant North End submarket, at 2417 N Tryon St, conveniently located near W 28th St. The single-story building offers multiple tenancy options, ideal for a variety of businesses. Its prime location provides easy access to popular neighborhoods like NoDa and Optimist Park, catering to a large pool of potential clients. The property boasts convenient entrances and exits on both N Tryon St and W 28th St, ensuring high visibility and accessibility. This location is particularly well-suited for businesses providing neighborhood services, such as dental practices, salons, mobile providers, or medical offices. The property benefits from its position within one of Charlotte's most dynamic multifamily corridors. Within a 1.5-mile radius, over 3,000 multifamily units have been completed in the last five years, with an additional 2,000 units currently under construction or planned. Extensive renovations are slated for completion in the first quarter of 2025, ensuring a modern and updated space for tenants. This presents a unique opportunity to secure a well-positioned property in a rapidly growing area of Charlotte, Mecklenburg County, NC (zip code 28206). Contact us for pricing and availability.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$4,029,338
6.5%
$3,719,389
7%
$3,453,719
Comparable approach
Method
Valuation
Relative Method
$4,779,452
Geo Method
$4,779,452
Alternative Use
Use
Valuation
Residential
$3,137,444
Hospitality
$2,873,882
Educational
$2,391,036
Medical
$2,473,268
Retail
$3,719,389
Location Insight
City
Charlotte
County
Mecklenburg
State
North Carolina
Latitude
35.2471
Longitude
-80.8185
CBSA code
16740
CBSA name
CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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