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Historic Mixed-Use Property
For Sale
$219,000

31 Penland Street, Canton, NC 28716

Downtown commercial space with on-site parking and a flexible layout.

Property Size3,062 SF
Price / SF$71.52
Days on Market102

Property Features for 31 Penland Street

General Information

Standard status Active
Size 3,062 SF
Property subtype Commercial

Building Details

Year Built 1920
Buildings 1
Listing Agency: NC Mountain Real Estate
Listed By: April Monday · License #295690
Source: Techrealtyllc
Added: Apr 30 Changed: Aug 8 Last Checked: Aug 8 at 2:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NC Mountain Real Estate

Investment Insights

Based on property information with market context.

Built in 1920, this 3,062-square-foot commercial property occupies a long-standing downtown building at 31 Penland Street in Canton. The layout is described as flexible, with on-site parking and capacity for a range of commercial concepts, including retail, restaurant, event space, office, or mixed-use development.

The property sits between Bearwaters Brewing and Pigeon River Outfitters within an active downtown corridor in Haywood County. Canton’s central business district, the Pigeon River, and access to the Blue Ridge Parkway are identified as surrounding points of interest. Its established setting and adaptable interior support consideration for multiple commercial formats.

Key Highlights

  • 3,062 SF commercial property at 31 Penland Street
  • Built in 1920
  • Located in Downtown Canton, NC

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Law Firm Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

352
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 73% Shops & Services 27%
Food Lion Grocery Store Groceries
15,900 visits/mo 0.4 miles
BP Shops & Services
4,141 visits/mo 0.3 miles
Advance Auto Parts Shops & Services
1,111 visits/mo 0.2 miles
American Automobile Association (AAA) Shops & Services
738 visits/mo 0.5 miles

Demographics for 28716, NC

17,710
Population
8,590
Households
2.1
Avg Household Size
45
Median Age
24%
College-Educated
92%
High-School Grad
158.7 sq mi
ZIP Area
112
Density / Sq Mi
$60,008
Median Household Income
$43,266
Median Earnings
$961
Median Rent
$223,600
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Downtown commercial space with on-site parking and a flexible layout.
Where is this mixed-use property located?
The property is located at 31 Penland Street Canton, NC.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 3,062 SF commercial property at 31 Penland Street; Built in 1920; Located in Downtown Canton, NC
More about this property
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