2400 N Tryon Stree

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2400 N Tryon Stree

Charlotte, NC 28206
Asking Price
$2.00M
Asset Type
Retail
Class
Class B

What's Special

2400 North Tryon Street is situated approximately two miles northeast of Uptown Charlotte in the North Davidson (NoDa) and Lockwood areas. The building is positioned along a primary commercial corridor characterized by a mix of established industrial facilities and adaptive reuse projects. The location offers proximity to the 25th Street LYNX Blue Line light rail station and several major thoroughfares, including Interstates 77 and 85. Nearby amenities include local breweries, creative studios, and evolving multi-family residential developments. The property is suited for retail concepts seeking a presence in a gentrifying urban district with high commuter visibility. Ideal use cases include specialized showrooms, neighborhood service providers, or food and beverage establishments. The typical tenant profile consists of regional retailers or local businesses that benefit from the neighborhood’s industrial aesthetic and increasing pedestrian traffic. The layout supports flexible floor plans for operators requiring both front-of-house sales space and back-of-house logistics.

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NOI
$80,000
Cap Rate
4.00%
DSCR
0.67
Underwater
Cash-on-Cash
-6.46%
Monthly Payment
$9,894.909
Annual Cash Flow
$-38,738.905

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