Office Space for Sale Uptown

With so much talk about residential condos, this very first time that office condos have been available in the Uptown in a high-rise. The building for sale is the 112 South Tryon building is located on the corner of Trade and Tryon St. This rare chance to own office space Uptown is being released as news of the lack of leasable office space is catching national attention.

This building was built in 1927 and is 20 stories tall. At the time it was built it was the tallest structure between Philadelphia and Mississippi. Over 12,000 people came to the grand opening of the building in 1927. It was a great feat of engineering...an icon of the times.

Those days are long gone, but this beautiful old building has tons of character.

The days of iconic status are over, but it is available to purchase at a time when office space is scarce. Last week the Charlotte Business Journal reported that the office vacancy rate in the Uptown is 2.7%. That rate is the 3rd lowest percentage on record in the history of the US.

This building is being up-fitted to meet the needs of today's marketplace. 112 S Tryon offers new building amenities that include conference facility, on-site fitness center, full-service bank, security, and restaurant.

The space is being sold at $225 - $275/ft with a $20/ft up-fitting allowance.

Units range in size from 398sf to 7,767sf.

Units are being sold "as-is" with functioning A/C units in each space.

The laws of supply and demand state that as supply diminishes, prices go up. For the right investor, this space offers a stable investment into the future with great potential for increase in the years to come. Space in this building leases for about $22/ft with contracts typically lasting 5 years.