31 Penland Street Canton, NC $ 199,900
31 Penland Street
$ 199,900
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31 Penland Street

Canton, NC, 28716
$ 199,900
Bedrooms-- Baths--

Monthly Estimate*

$ 1,381

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Commercial Property for sale in Canton, NC

for $199,900. This building was built in 1920 on a lot size of 0.38.

A rare opportunity to own a piece of western North Carolina history in the heart of Downtown Canton. This over 3,000 square foot commercial property has stood in this community for over a century — a landmark address with timeless appeal and serious commercial potential. Ideally situated between two of Canton's most beloved local businesses, Bearwaters Brewing and Pigeon River Outfitters, this property benefits from established foot traffic in one of Haywood County's most active and evolving downtown corridors. Whether you're an investor, developer, or entrepreneur, the location alone tells the story — this is where Canton comes to gather. The property offers generous square footage paired with ample on-site parking, a combination that is increasingly difficult to find in downtown settings. The flexible layout lends itself to a wide range of commercial uses including retail, restaurant, event space, office, or mixed-use development. Canton's downtown has seen remarkable momentum, and this property sits squarely in the center of that growth. With the natural beauty of the Pigeon River, proximity to the Blue Ridge Parkway, and a community that fiercely supports local business, the demand for quality commercial space in this market continues to rise. Properties with this kind of history, location, and development potential rarely come available. If you've been waiting for the right opportunity in Western North Carolina — this is it.

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Commercial Active

Price

$ 199,900

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

0.38

Year Built

1920

Town/City

Canton

County/Region

Haywood

MLS | Web ID

4375348

Features
General
Sewer Public Sewer
Utilities Natural Gas
Roof Composition Rubber
Year Built 1920
View City Mountain(s)
Property Subtype Business
Parcel Number 8657-60-9299
Elevation 2500
Accessibility Two or More Access Exits
County Haywood
New Construction N
Property Type Commercial Sale
HOA N
Possible Use Commercial
Directions From Main Street in Canton: turn left onto Penland Street. Building will be on the right.
City Canton
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Construction Type Site Built
Restrictions Other - See Remarks
Tax Assessed Value 128000
Listing Terms Cash Owner Financing
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Interior
Basement Interior Entry
Flooring Concrete
Basement (Y/N) Y
Below Grade Finished Area 0
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Exterior
Lot Features Flood Plain/Bottom Land Level
Water Source City
Inclusions Building Land
Lot Size Area 0.38
Foundation Details Basement
Number of Buildings 1
Road Surface Type Gravel
Road Frontage Type City Street
Road Responsibility Publicly Maintained Road
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Internal Only
Street Number 1 31
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* Excluded Features
List By
Nc Mountain Real Estate

Broker

Affordability Calculator

$1,381
Per Month
100%
0%
0%
Monthly Principal & Interest
$1,381
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
294628 Elementary School
294724 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/21/2026$199,900 -8.72% Price Down
7/7/2026$219,000 -12.40% Price Down
4/30/2026$250,000 Listed Price

Map


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31 Penland Street, Canton, NC, 28716 is a Commercial Property for sale at $199,900 with a lot size of 0.38. 31 Penland Street was built in 1920. The property's zip code is 28716 which is in Canton, NC