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    FOR SALE
    Auto shops

    339 Park St, Canton, NC 28716

    5,040 SF 0.64 ac lot Built 1946
    Entity Owned Free & Clear
    Property ID
    US53-5424651
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 339 Park St. in desirable downtown Canton, North Carolina, presents a unique investment opportunity. The 5,040 square foot building, originally constructed in 1946 with durable concrete brick and pre-World War II steel from Bethlehem, PA, sits on a 0.64-acre lot and boasts 29 parking spaces. Currently configured as a bar and restaurant, the property is zoned GB and offers significant potential for various uses. The building features a specific mechanical steam-jacketed brewhouse, a custom-designed, energy-efficient heating system utilizing steam from the brewhouse routed through coils in high-efficiency heat pumps, and a high-efficiency, 3-phase electrical system with 100% LED lighting. All appliances operate on natural gas, and the electrical and mechanical systems are compliant with FEMA flood code requirements. The property's prime location on the banks of the Pigeon River adds to its appeal. Note that the Bearwaters business name and trademark are not included in the sale. The asking price is $1,995,000, translating to $395.83 per square foot. The property's APN is 8657-70-0385. This is a rare chance to acquire a well-equipped, historically significant commercial property in a thriving downtown location.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1946
    Total area 5,040 SF
    Lot 0.64 ac (27,791 SF)
    APN 8657-70-0385
    UPID US53-5424651
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • BearWaters Brewing Company: Riverside Bar & Pub Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $510k
    Owner & transaction history
    BEARWATERS BREWING CO A NC CORP
    BEARWATERS BREWING CO A NC CORP
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $710,000 +29.4%
    Restaurant $595,000 +8.9%
    Retail stores $575,000 +4.9%
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    More about this property
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