Downtown Mixed-Use
New
For Sale
$4,750,000
488 Main Street lot 317 319 321, Highlands, NC 28741
CommercialSale, Highlands, NC
Property SizeContact for details
Lot Size0.15 Acres
Days on Market3
Property Features for 488 Main Street lot 317 319 321
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
On Street
Interior features
CeilingFans, Chandelier, CathedralCeilings
Exterior features
Awnings, Courtyard, Lighting, PrivateEntrance
Lot features
Corner Lot, City Lot, Level
Directions
Building is at the corner of 5th Street and Main Street in downtown Highlands
Subdivision
Highlands
Standard status
Active
APN
7540407511
Lot size
0.15 Acres
Additional Details
Currently Operating
Yes
Mixed-Use Components
residential, commercial
Taxes and HOA fees
Tax Year
2026
Tax Description
PT OF 323 LOT 317 319 321
Tax Annual Amount
11664
Legal Description
PT OF 323 LOT 317 319 321
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Flooring type
Wood, Tile
Roof type
Metal
Listing Agency:
Berkshire Hathaway HomeServices Meadows Mountain Realty
(828) 526-1717
Listed By:
Judith Michaud · License #136884
(828) 371-0730
Added: Oct 26
Changed: Oct 27
Last Checked: Oct 28 at 11:06AM
MLS# 1004360
Copyright © 2026 Highlands Cashiers Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This mixed-use property combines a three-bedroom, three-and-a-half-bath apartment with two commercial spaces. The apartment is operated as a short-term rental and includes a living area, kitchen, three bedrooms with individual bathrooms, and a loft bedroom. One commercial space is currently used as an office. The property was built in 1998 and sits on a 0.15-acre lot.
The property is located on Main Street in downtown Highlands. On-street parking is available, and public water and sewer serve the site.
The property is located on Main Street in downtown Highlands. On-street parking is available, and public water and sewer serve the site.
Key Highlights
- Three‑bedroom, three‑and‑a‑half‑bath apartment
- Two commercial spaces; one currently used as an office
- Apartment operates as a short‑term rental
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
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Business Placement
Demographics for 28741, NC
3,736
Population
6,089
Households
0.6
Avg Household Size
60
Median Age
48%
College-Educated
90%
High-School Grad
90.3 sq mi
ZIP Area
41
Density / Sq Mi
$68,874
Median Household Income
$40,298
Median Earnings
$862
Median Rent
$596,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A short-term rental apartment is paired with two commercial spaces, including one currently occupied as an office.
Where is this mixed-use property located?
The property is located at 488 Main Street lot 317 319 321 Highlands, NC.
What is the asking price?
The asking price for this property is $4,750,000.
What are key features of this property?
This property features: Three‑bedroom, three‑and‑a‑half‑bath apartment; Two commercial spaces; one currently used as an office; Apartment operates as a short‑term rental
