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4409 N Tryon St 2,500 SF Retail Building Charlotte, NC 28213 For Sale
Investment Highlights
- Opportunity Zone
- Proximity to Transit
- Rare Infill Redevelopment Opportunity
- Strong Cash Flow
Executive Summary
4405 N Tryon Street presents a rare prime infill redevelopment opportunity in Charlotte’s rapidly evolving Sugar Creek submarket. Situated on approximately 2.2 acres within a designated Opportunity Zone, the property offers investors both strong in-place income and significant long-term upside. The site includes a 13,000+/- square foot retail center, tire shop, and auto dealership currently generating $368,000 in annual NOI. Surrounded by ongoing and planned multifamily development, the property is well positioned to benefit from the area’s continued residential growth and urban densification. Located less than one mile walking distance to the Sugar Creek Blue Line Light
Rail Station, the site’s close proximity to transit potentially opens the door to the possibilities of Transit Oriented Development- Neighborhood Center. This offering combines stable cash flow with compelling redevelopment optionality in a high-demand transit-oriented location
Rail Station, the site’s close proximity to transit potentially opens the door to the possibilities of Transit Oriented Development- Neighborhood Center. This offering combines stable cash flow with compelling redevelopment optionality in a high-demand transit-oriented location
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
2,500 SF
Building Class
C
Year Built
1963
NOI
$368,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
2.27 AC
Opportunity Zone
Yes
Zoning
B2
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
48’ on Tryon St
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 089-014-15 | Improvements Assessment | $461,000 |
| Land Assessment | $954,900 | Total Assessment | $1,415,900 |
Property Taxes
Parcel Number
089-014-15
Land Assessment
$954,900
Improvements Assessment
$461,000
Total Assessment
$1,415,900
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4409 N Tryon St
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