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$999,999 -$200,001 (-16.67%) Price Reduced
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Property Description
Investment Opportunity in the Heart of Burnsville! Welcome to 505 E Main Street, Burnsville, NC-a rare chance to own a high-visibility income-producing property right on Burnsville's thriving Main Street. This versatile property features 7 individual rental units, already generating consistent rental income, making it the perfect turnkey investment. The property consists of: 4 apartments, 1 retail storefront with prime Main Street frontage, 1 studio apartment, 1 main cabin residence With city water and sewer in place, this property is fully connected and ready for continued growth. The location truly says it all-walkable to shops, restaurants, and Burnsville's historic town square, with excellent exposure for both residential and commercial tenants. Whether you're looking to expand your portfolio, operate a business while collecting rental income, or reimagine the property for future development, the opportunities here are endless.
Full Property Details
Full Property Details for 505 E Main St
General
- Price: $999,999
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4305597
- Updated: 1/15/2026
- Added to Site: 106 day(s) ago
Interior
- Flooring: Carpet, Concrete, Vinyl
Parking
- Parking Features: Parking Lot
Location
- County: Yancey
- City Limits: Yes
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Separate Meters
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Natural Gas
Structural Information
- # Buildings: 4
- Construction: Site Built
- Exterior Const.: Metal, Stone, Wood
- Roof: Metal
- Minimum Avail: 11,030 Sq. Ft.
- Year Built: 1937
Lot Features
- Street/Road Desc.: Paved
- Lot Features: Corner Lot
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Estate
- Restrictions: No Restrictions
- Inclusions: Building, Land
- Property ID: 82015646746
- Lot Number: 235/301
Listed by Dream Mountain Realty
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Schools
Schools serving 505 E Main St
School District:Yancey County Schools
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 E Main St
Date
Details
Price
Change
Source
1/15/2026
Price Reduced
$999,999
-16.67%
MLS
10/01/2025
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 505 E Main St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,182
—
$804,200
—
2024
$4,182
24%
$804,200
43%
2023
$3,376
—
$562,600
—
2022
$3,376
—
$562,600
—
2021
$3,376
—
$562,600
—
2019
$3,376
—
$562,600
—
2018
$3,376
—
$562,600
—
2017
$3,376
—
$562,600
—
2016
$3,376
11%
$562,600
-7%
2015
$3,040
—
$608,000
—
2014
$3,040
—
$608,000
—
2013
$3,040
—
$608,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 E Main St
505 E Main Street, Burnsville, NC 28714 (MLS# 4305597) is a Commercial property. 505 E Main Street is currently listed for $999,999 and was received on October 01, 2025. Want to learn more about 505 E Main Street? Do you have questions about finding other Commercial real estate for sale in Burnsville? You can browse all Burnsville real estate or contact a Coldwell Banker agent to request more information.

