704-562-7429
316-324 S Tryon St, Charlotte, NC for Sale
Office - FOR SALE
1/5
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316-324 S Tryon St
Charlotte, NC 28202


HIGHLIGHTS

  • Centrally located in Charlotte's Business District
  • Surrounding by 67,000 employee base and Bank of America Stadium, Spectrum Center, and Truist Field
  • Significant repositioning and capital improvements have attracted top food & beverage concepts
  • Remaining upside in the 3,201 SF of vacancy
  • Percentage rent upside with tenants expanding operating hours
  • Affluent surrounding population with $150,000 AHHI within a 1-mile radius

OVERVIEW

CBRE National Retail Partners is pleased to offer for sale The Alley at Latta Arcade, a +/- 23,144 SF trophy urban infill mixed-use opportunity in the heart of Uptown Charlotte. The asset has undergone a significant repositioning over the past few years including a remodel, rebrand, and extension of operating hours while attracting popular food & beverage concepts offering the dense surrounding population an elevated street eats experience. The Alley at Latta Arcade is at the center of Uptown’s office, multifamily, hospitality, and event scene benefitting from Uptown's 67,000 employees, 8,400 apartment units, 6,727 hotel keys, Bank of America Stadium, Spectrum Center, and Truist Field. Current ownership has implemented significant capital improvements including updated storefronts & awnings, interior landscaping, three new hot kitchens, and more. At a current economic occupancy of 86%, the asset offers a new investor several opportunities for upside through strategic lease-up of the remaining 3,201 SF.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alley at Latta Arcade

PROPERTY TYPE

Office

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

UMUD

APN/PARCEL ID

073-021-26A,073-021-26B,073-021-26C

ASK ABOUT THIS PROPERTY

Adam RussCBREMore Info
704-562-7429

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Adam RussCBREMore Info
704-562-7429

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.