338 Main Street, Canton, NC 28716 | MLS #4368822 | Ivester Jackson Blackstream
 
Listing provided courtesy of Keller Williams Great SmokiesMLS# 4368822MLS ProviderContact Information: [email protected]
  • 75 days on site
  • 5 views

Prime downtown investment opportunity in the heart of Canton! This historic brick commercial building offers approximately 5,900 square feet across two levels with a strong mix of retail and office tenants, providing immediate cash flow and significant upside potential. The main level features two established retail businesses with excellent Main Street visibility and foot traffic, while the second floor includes professional office tenants and flexible workspace. The property is currently generating stable income with below-market rents, creating a compelling value-add opportunity for investors looking to increase revenue through lease adjustments and improved space utilization. A standout feature is approximately 1,000 square feet of underutilized second-floor space, ideal for conversion into additional office suites, studios, or creative workspace. This presents a clear path to increased income and long-term appreciation. Additional highlights include multiple entrances and exits, three half baths and one full bath, and rare rear access with parking—an important amenity in a downtown setting. The building retains its classic character while offering functional layouts suitable for a variety of commercial uses. Located in Canton’s growing downtown corridor, just a short drive from Asheville, this property benefits from increasing demand, revitalization efforts, and a strong local business community. Ideal for investors, owner-users, or those seeking a value-add commercial asset with immediate income and long-term upside.

Source: Canopy MLS, MLS#: 4368822

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  • Property Type
    Commercial Sale

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  • Median Age
    44
  • Population Density
    114
  • College Educated
    33%
  • Estimated Median Income
    $51,233
  • Estimated Total Home Owners
    5,557
  • Estimated Total Renters
    2,080
  • Owner / Renter Divide
    73% / 27%
  • Estimated Average Household Size
    2
  • Total Population
    18,095
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 338 Main Street


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
6/3/2026Source: Canopy MLS Status Change
Under Contract-No Show
4/16/2026Source: Canopy MLS Added to Database
April 16, 2026