228 Pisgah Dr - Apartments FOR SALE


Canton, NC 28716
$1,300,000 USD
704-831-4633
228 Pisgah Dr, Canton, NC for Sale
$1,300,000 USD
Apartments - FOR SALE
1/7
null | 7.64% Cap Rate

228 Pisgah Dr
Canton, NC 28716


HIGHLIGHTS

  • Value-Add Potential: Built in 1960 with opportunities for renovation and rent growth in a strengthening market.
  • Accessibility: Easy access to I-40 and the Blue Ridge Parkway ensures connectivity to Asheville, Waynesville, and beyond.
  • Proximity to Asheville, NC: Only 20 minutes from one of North Carolina’s fastest-growing cultural and economic hubs.
  • Riverfront Setting: Situated on the scenic Pigeon River in downtown Canton, NC, enhancing property appeal.
  • Outdoor Recreation: Close to Pisgah National Forest, the Blue Ridge Parkway, and Pigeon River recreation.
  • Community Appeal: Across from Pisgah Memorial Stadium and adjacent to Sorrell’s Street Park, enhancing lifestyle value for residents.

OVERVIEW

Marcus & Millichap is pleased to present Sky at Canton, a 12-unit multifamily community built in 1960. The property is uniquely positioned along the Pigeon River in downtown Canton, North Carolina, offering a rare riverfront setting with walkable access to Main Street’s shops and dining. Just 20 minutes from Asheville, the community balances small-town charm with proximity to one of the region’s major cultural and economic hubs. Sky at Canton benefits from its location across the river from Pisgah High School’s Pisgah Memorial Stadium and next to Sorrell’s Street Park, enhancing its family-friendly and community-oriented appeal. The property is also minutes from Pisgah National Forest, the Blue Ridge Parkway, and the Pigeon River, making it attractive for both long-term residents and short-term renters. With a prime riverfront setting, walkable location, and value-add renovation potential, Sky at Canton represents a rare opportunity to acquire a well-located multifamily property in Western North Carolina with both immediate appeal and long-term growth potential.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

3

PRICE/UNIT

$433,333

CAP RATE

7.64%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sky at Canton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.18 AC

LAND SF

51,401 SF

ZONING

CNC-2

APN/PARCEL ID

8656-79-8291

ASK ABOUT THIS PROPERTY

Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

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Isaiah ShatzMarcus & MillichapMore Info
704-831-4633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.