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5703-5707 N Tryon St - Ideal Multi-Family/Mixed Use Site

3.5 Acres of Commercial Land Offered at $3,850,000 in Charlotte, NC 28213

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Investment Highlights

Heavy Traffic
Ideal Zoning
Direct Access to Light Rail Station and Bus Stop

Flat Land
Opportunity Zone

Executive Summary

Prime 3.5 acre parcel located on busy N Tryon St. Ideally zoned for multi-family, retail, office or mixed use. Water, sewer and electric is already connected. Flat topography ready to be developed. Direct access to bus stop and 5 minute walk to Old Concord Road Light Rail Station. Please walk on parcel without express permission.

5703-5707 N Tryon St Marketing Brochure

TOD-TR Zoning Overview

Property Facts Under Contract

Price	$3,850,000	Proposed Use	Retail Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Subsidized Self Storage Single Family Development Storefront, Retail or Office Storefront, Retail or Residential Single Family Residence
Sale Type	Investment or Owner User	Total Lot Size	3.50 AC
No. Lots	1	Year Built	1958
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial

Price	$3,850,000
Sale Type	Investment or Owner User
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Retail Office Mixed Use Multifamily Apartment Units Apartment Units - Condo Apartment Units - Subsidized Self Storage Single Family Development Storefront, Retail or Office Storefront, Retail or Residential Single Family Residence
Total Lot Size	3.50 AC
Year Built	1958
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot 5703-5707

Price	$3,850,000	Lot Size	3.50 AC
Price Per AC	$1,100,000

Price	$3,850,000
Price Per AC	$1,100,000
Lot Size	3.50 AC

Prime 3.5 acre parcel located on busy N Tryon St.

Description

3.5 +/- acres available TOD-TR Zoning (Transit Transition) Traffic Volume approximately 43,000 per TrafficMetrix 326 ft of road frontage on N Tryon St $2.40-$2.60 MF rent per squarefoot a month in area. City sewer/water connected Flat land with curb cut on N Tryon Direct access to bus stop and Light Rail Station In Charlotte Opportunity Zone Parcel ID: 089-201-04

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PROPERTY TAXES

Parcel Number	089-201-04	Improvements Assessment	$200
Land Assessment	$2,022,600	Total Assessment	$2,022,800

PROPERTY TAXES

Parcel Number

089-201-04

Land Assessment

$2,022,600

Improvements Assessment

$200

Total Assessment

$2,022,800

zoning

Zoning Code	TOD-TR
TOD-TR

Listing ID: 26155429
Date on Market: 7/12/2021
Last Updated:
Address: 5703-5707 N Tryon St, Charlotte, NC 28213

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5703-5707 N Tryon St, Charlotte, NC for sale Building Photo- Image 1 of 5 — Building Photo

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