2417 Tryon StCharlotte, NC 28206

Property Details for 2417 Tryon St

Year built

1989

Lot size

0.85 AC

Property size (Sq ft)

11,200 SF

Zone code

I-2

Property type

Retail properties

Property subtype

Strip malls

APN

7908704

APU

7908704

Description

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.

• 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

Property Tax & Assessments

FAQs

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