221 S Tryon St

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221 S Tryon St

Charlotte, NC 28202
Asking Price
$2.17M
Asset Type
Retail
Class
Class B

What's Special

Located at 221 South Tryon Street, this retail opportunity sits at the geographic center of Charlotte's Uptown central business district. The property is positioned along a high-traffic pedestrian corridor characterized by commercial high-rises, luxury hotels, and cultural institutions. Residents and office workers have immediate access to nearby amenities including Romare Bearden Park, the Levine Center for the Arts, and numerous dining options. The site is situated near several Gold Line streetcar stops and multiple bus routes, providing efficient transit connectivity across the greater Charlotte metropolitan area. The space is suited for high-street retail, flagship showrooms, or boutique fitness studios requiring a prominent urban presence. Given the surrounding density of corporate headquarters and upscale residential units, the location is ideal for food and beverage operators or service-oriented businesses catering to professional commuters and city dwellers. Typical tenants for this submarket include national retail brands, established local restaurant groups, and premium service providers seeking high visibility and consistent foot traffic.

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NOI
$80,000
Cap Rate
3.68%
DSCR
0.62
Underwater
Cash-on-Cash
-7.53%
Monthly Payment
$10,760.713
Annual Cash Flow
$-49,128.559

Location & Travel Times