5605 Tryon StCharlotte, NC 28213

Property Details for 5605 Tryon St

Year built

2005

Lot size

1.49 AC

Property size (Sq ft)

2,082 SF

Zone code

TOD-TR

Property type

Drive through restaurants

APN

8920123

APU

8920123

Description

This 2,053 square foot single-tenant retail space at 5605 N Tryon St in Charlotte, NC, presents a unique investment opportunity. Located in Mecklenburg County, zip code 28213, the property sits on a 0.78-acre lot and boasts ample parking, a significant advantage in a high-traffic area. The building is zoned TOD-TR, reflecting its suitability for transit-oriented development. Currently vacant, the entire 2,053 square feet is available for immediate occupancy. Its strategic location near a light rail station and a well-lit intersection ensures high visibility and accessibility for potential businesses. The property's previous use as a restaurant makes it an ideal second-generation space for a similar establishment or a business seeking a ready-made layout. This location offers excellent potential for businesses seeking to establish a strong presence in a thriving Charlotte neighborhood. The property's size and features make it suitable for a variety of retail uses, benefiting from the high foot traffic and convenient access provided by its proximity to public transportation. Serious inquiries are encouraged to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $824,686

  6.5%

  $761,248

  7%

  $706,874

• Comparable approach

  Method

  Valuation

  Relative Method

  $888,466

  Geo Method

  $888,466

• Alternative Use

  Use

  Valuation

  Residential

  $642,142

  Hospitality

  $588,198

  Educational

  $489,374

  Medical

  $506,204

  Retail

  $761,248

Location Insight

City

Charlotte

County

Mecklenburg

State

North Carolina

Latitude

35.2629

Longitude

-80.773

CBSA code

16740

CBSA name

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

Property Tax & Assessments

FAQs

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