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Property Description
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.
Full Property Details
Full Property Details for 31 Penland St
General
- Price: $250,000
- Status: Active
- Type: Commercial
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4375348
- Updated: Today (4/30/2026)
- Added to Site: Today
Interior
- Flooring: Concrete
Location
- County: Haywood
- Driving Directions: From Main Street in Canton: turn left onto Penland Street. Building will be on the right.
- City Limits: Yes
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Natural Gas
Structural Information
- # Buildings: 1
- Construction: Site Built
- Basement: Yes
- Basement Desc.: Interior Entry
- Roof: Composition, Rubber
- Minimum Avail: 3,062 Sq. Ft.
- Year Built: 1920
Lot Features
- Street/Road Desc.: Gravel
- Elevation (Approx.): 2500
- Lot Features: Flood Plain/Bottom Land, Level
Disclosures and Reports
- Restrictions: Other - See Remarks
- Inclusions: Building, Land
- Property ID: 8657-60-9299
- Lot Number: 1109-76
Listed by NC Mountain Real Estate
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Schools
Schools serving 31 Penland St
School District:Haywood County Schools
| Name | Grades | Distance |
|---|---|---|
Meadowbrook Elementary 85 Morning Star Road, Canton, NC 28716 | K-5 | 1.5 mi |
Canton Middle 60 Penland Street, Canton, NC 28716 | 6-8 | 0.3 mi |
Pisgah High 1 Black Bear Drive, Canton, NC 28716 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 31 Penland St
Date
Details
Price
Change
Source
4/30/2026
Listed
$250,000
12.61%
MLS
5/30/2024
Sold
$222,000
—
Public Record
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 31 Penland St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$448
—
$81,400
—
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 31 Penland St
31 Penland Street, Canton, NC 28716 (MLS# 4375348) is a Commercial property. 31 Penland Street is currently listed for $250,000 and was received on April 30, 2026. Want to learn more about 31 Penland Street? Do you have questions about finding other Commercial real estate for sale in Canton? You can browse all Canton real estate or contact a Coldwell Banker agent to request more information.

