development project retail building rehab

2620 South Tryon Street Charlotte, NC

FEATURES

FOR SALE

For more info, please visit our “Properties” page on: ProvidenceCommercial.com

Providence CommercialR E A L E S T A T E A D V I S O R S

Clay Durkin 704-373-2114

[email protected]

Every effort has been made to provide accurate and reliable information, but no liability is assumed for errors and omissions. It is your responsibility to conduct a careful investigation of the property to verify

this information and determine to your satisfaction the suitability of the property to your needs.

Unique Opportunity to Purchase a Corner Property in Southend LAND: +/- .7910 acres (+/- 34,456 sf ) per the tax records

BUILDING (Exist. 3 unit Strip Center): +/- 6,273 total sf per the tax records

Remount RdRemount Rd

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Development Project Retail Building Rehab

S Tryon StS Tryon St

and/or

■ The site is a Fantastic Mixed-Use, Office or Multi Family Development Opportunity or Retail Redevelopment (existing 3-unit strip center) in the SouthEnd Neighborhood in Charlotte, North Carolina.

■ Building Size:+/- 6,273 total sf (includes covered walk) +/- 5,760 Finished Area (48’ by 120’), Year Built: 2000.

■ Lot Size: +/- 34,456 sf (.7910 acres)

■ Zoning: B-1

■ 2020 Property Taxes: $8,060.65

■ Meck Parcel ID# 14501120 / Legal Description: L2 M30-727

■ Traffic Count- Remount Rd (@ .3 Miles away) - 17,531 VPD 2018

■ Traffic Count- S. Tryon St (@ .9 Miles away) - 15,628 VPD 2020

■ Street Frontage: 141’ on Tryon St, 64’ on Remount Rd.

■ Excellent Corner Signage Visibility

■ Very Walkable (Score 78)

■ Parking 25 Surface Spaces (Ratio of 4.34/1,000 SF)

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South Blvd

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Remount Rd

Remount Rd

LOCATION HIGHLIGHTS ■ Location gives a developer or company owner direct access to the heart of

SouthEnd and all its multi-family and retail amenities and the Lynx light rail.

■ The SouthEnd Neighborhood is a place where history meets creative innovation, resulting in a vibrant neighborhood where you can walk to Uptown, ride your bike on Charlotte’s Rail Trail and have easy access to I-77, I-85 + the airport.

■ The property is a short commute to major highways, Bank of America Stadium, BB&T Ballpark, Charlotte Douglas Airport and is less than two miles from uptown.

■ East Walking Distance to the Light Rail (Centrally Located between New Bern Station and Proposed new station to the North), area retail shops, restaurants and amenities, the rail trail and tons of nearby multi-family residential.

■ The Blue Line Extension is projected to serve more than 25,000 people a day by 2030, and the light rail has spurred development all along the corridor and is projected to further accelerate more mixed-use, multifamily, office and retail projects along the line. With the extension, the LYNX Blue Line travels more than 18 miles, connecting Pineville and South Charlotte to NoDa and UNC Charlotte in approximately 47 minutes. Riders can board from 26 stations (11 of which are park and rides) and easily access Uptown, NoDa, and the University area, all the way down to Pineville. During peak hours, trains run on the Blue Line Extension every 7.5 minutes.

2620 South Tryon Street Charlotte, NCFOR SALE

Development Project Retail Building Rehaband/or

Southend Stats...

4 Light Rail Stops

4.5 Miles of Light Rail

1.66M SF Of OfficeDevelopment

621K Light Rail Passengers/Year

197 Shops & Restaurants

16.5K Workers in the Area

Maddox Southend Apartments (200 Units)

MAA Reserve Apartments (353 Units)

Silos Southend Apartments (390 Units)

SouthPoint at Southend Townhomes

(86 Units)

Solis SouthlineApartments (300 Units)

S Tryon StS Tryon St

Youngblood St

Youngblood St

LIGHT RAIL LINE

LIGHT RAIL LINE

Southend Terraces (9 Townhomes-Sold)

Phase 2 Apts. Coming Soon


1 Mile

15,805

12.0%

35

7,750

11.9%

$ 92,023

$59,853

$393,692

Population

Population 5 Yr Growth

Median Age

Houeseholds

HH 5 Yr Growth

Ave HH Income

Median HH Income

Median Home Value

3 Miles

113,132

10.0%

35

52,445

10.4%

$102,641

$68,589

$367,956

5 Miles

252,958

9.3%

35

109,105

9.5%

$94,348

$59,517

$322,299

DEMOGRAPHICS

South Blvd

South Blvd

1 Mile

5 Miles

3 Miles

Site

UPTOWN UPTOWN CHARLOTTECHARLOTTE

LATTA LATTA PARKPARK

SOUTH ENDSOUTH END

277

77

Light Rail Line

Light Rail Line

Light Rail Station

Light Rail Station



S Tryon St

S Tryon St

Remount Rd

Remount RdLight Rail Station




SITE SURVEY




SITE AERIAL

Remount Rd

Remount Rd

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Southend Terraces (9 Townhomes-Sold)

Phase 2 Apts. Coming Soon

development project retail building rehab

Documents