Business at 31 Penland Street, Canton
Business at 31 Penland Street, Canton, photo 2 of 21
Business at 31 Penland Street, Canton, photo 3 of 21
Business at 31 Penland Street, Canton, photo 4 of 21
Business at 31 Penland Street, Canton, photo 5 of 21
Business at 31 Penland Street, Canton, photo 6 of 21
Business at 31 Penland Street, Canton, photo 7 of 21
Business at 31 Penland Street, Canton, photo 8 of 21
Business at 31 Penland Street, Canton, photo 9 of 21
Business at 31 Penland Street, Canton, photo 10 of 21
Business at 31 Penland Street, Canton, photo 11 of 21
Business at 31 Penland Street, Canton, photo 12 of 21
Business at 31 Penland Street, Canton, photo 13 of 21
Business at 31 Penland Street, Canton, photo 14 of 21
Business at 31 Penland Street, Canton, photo 15 of 21
Business at 31 Penland Street, Canton, photo 16 of 21
Business at 31 Penland Street, Canton, photo 17 of 21
Business at 31 Penland Street, Canton, photo 18 of 21
Business at 31 Penland Street, Canton, photo 19 of 21
Business at 31 Penland Street, Canton, photo 20 of 21
Business at 31 Penland Street, Canton, photo 21 of 21
21 photos

$199,900

31 Penland Street
Canton, NC 28716
Listed by April Monday · NC Mountain Real Estate
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1920

About this home

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.

Property details

MLS
Canopy MLS
MLS #
CAR4375348
Property type
Business
Subdivision
N/A
Status
Active
Days on market
149
On market date
April 30, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Meadowbrook Elementary
1.44 mi away · Grades -1-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
214
Student:teacher ratio
13.4:1
District
Haywood County Schools
Middle
Canton Middle
0.27 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
483
Student:teacher ratio
13.8:1
District
Haywood County Schools
High
Haywood Early College
4.8 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
191
Student:teacher ratio
23.9:1
District
Haywood County Schools

Walkability

Blended score for Canton's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

48
Somewhat walkable
out of 100
EPA National Walkability Index
8.2 / 20 -- Below average walkable
Google Places amenity density
58 / 100
Restaurants & cafes9
Grocery stores4
Parks0
Schools1
Transit stops0
Pharmacies3

Market position

How this listing compares to current activity in Canton, from live MLS data.

On the market 149 days -- 39 fewer days than Canton's current average of 188 days.
For reference, the median list price across 145 active listings in Canton right now is $329,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$1,354/mo
$39,980 down
$159,920 loan
Principal & interest$1,037
Property tax (est.)$167
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated 26 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.