505 Main St Canton, NC 28716
For Sale
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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.
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CNC-1 · Canton, NCCosts & 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.