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    505 Main St Canton, NC 28716

    Sponsored
    For Sale
    $899,999

    Three-story building, high traffic location.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional three-story commercial building, located at 505 Main Street in the heart of Canton, NC, presents a remarkable investment opportunity. Boasting a prime corner location, this property benefits from significant daily vehicle and pedestrian traffic, ensuring high visibility and accessibility. The building offers a versatile floor plan suitable for a variety of uses, including retail, office space, showroom, or storage. The main floor features expansive display windows facing two major downtown roads, providing excellent storefront appeal. Convenient amenities include dressing rooms and two bathrooms on the main level. The lower level also includes a large display window, maximizing natural light and showcasing opportunities. Ample storage space is available throughout the building. The property includes two parcel identification numbers: 8657-81-5032 and 8657-81-4084. The building is equipped with natural gas, a boiler system comprising three gas furnace units, and central air conditioning, ensuring year-round comfort and efficiency. This property's strategic location, versatile layout, and desirable features make it an ideal investment for discerning buyers seeking a high-traffic, downtown Canton location. The lot size is 0.16 acres. The asking price is $899,999.

    Property Features for 505 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    6,970 SF

    Building Details

    Year Built
    1930
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Haywood
    State
    North Carolina
    Longitude
    -82.83773
    Latitude
    35.53309

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      Three-story corner building in downtown Canton with retail and office potential.
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    FAQs

    What type of property is this?
    Retail property - Three-story building, high traffic location.
    Where is this retail property located?
    The property is located at 505 Main St Canton, NC.
    What is the asking price?
    The asking price for this property is $899,999.
    (828) 452-5809
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    505 Main St Canton, NC 28716
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    Canton, NC 28716
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Main St Canton, NC 28716
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