339 Park St, Canton, NC 28716
For Sale
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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.
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BearWaters Brewing Company: Riverside Bar & Pub Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.