505 E Main Street, Burnsville, NC 28714
Yancey County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Retail
Year Built
1937
Zoning
C-3
Days on Market
264
MLS® Listing#
4305597
Property Features
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
HOA
None
Assessed Value
$804,200
Parcel Number
082015646746.000
Affordability Calculator
$185,000
Estimated monthly payment
$4,923/mo
Principal $740,000 · Est. interest $1,032,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Burnsville, NC
- $523,810
- Median Listing Price
- 88
- Median Days on Market
- 1,855
- Median Sq Ft
- $294
- Median Price / Sq Ft
- 198
- Active Listings
- This home’s price is 77% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Burnsville, NC.
Location
Points of Interest in Burnsville, NC
Showing the Burnsville area map.
Nearby Schools
Yancey NC
School · 0.4 mi away
Church Street Preschool
School · 1.0 mi away
Burnsville Elementary
Elementary · 1.6 mi away
East Yancey Middle School
Secondary · 1.7 mi away
Mountain Heritage High School
Secondary · 2.6 mi away
Micaville Elementary School
Elementary · 4.1 mi away
Cane River Middle
Secondary · 5.0 mi away
Arthur Morgan School
Secondary · 7.1 mi away
Bald Creek Elementary Preschool
Elementary · 7.6 mi away
Bee Log Elementary
Elementary · 8.1 mi away
Bowman Middle School
Secondary · 9.8 mi away
Gouge Elementary School
Elementary · 10.1 mi away
Mitchell High School
Secondary · 10.2 mi away
Mitchell County Schools
School · 10.2 mi away
Deyton Elementary School
Elementary · 11.1 mi away
Harris Middle School
Secondary · 11.3 mi away
Tri-County Christian School
School · 12.3 mi away
Spruce Pine Montessori School
Elementary · 12.3 mi away
Greenlee Primary School
Elementary · 13.3 mi away
Wolf Creek Academy
School · 13.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 45 Creekside Way I/202, Burnsville, NC | $647,500 | 2 | 2 | 1,307 |
| 3301 State Highway 197 None N, Burnsville, NC | $649,000 | 2 | 2 | 2,354 |
| 722 E Main Street, Burnsville, NC | $650,000 | — | — | — |
| 820 Wild Rose Lane, Burnsville, NC | $659,900 | 4 | 4 | 2,200 |
| 370 Appaloosa Trail, Burnsville, NC | $664,900 | 3 | 3 | 2,010 |
| 23 Lana Lane, Burnsville, NC | $675,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Burnsville
Listing Courtesy: Dream Mountain Realty - allibuchanan@homesbyalli.com
Last Updated: 2025-10-01
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