720 Reed Street, Asheville NC
- 3 Bed
- 1 Bath
- 1088 ft2
- 0.1 ac
For Sale $335,000
Remarks:
Exceptional Live/Work Opportunity with Built-In Value Add in Highway Business Zoning. Some properties simply exist and then there are the ones that feel like they’re already humming with possibility the moment you pull in. This South Asheville gem is the latter: a rare blend of flexibility, function, and future potential that invites you to imagine not just how you’ll live here, but how you’ll grow here. Zoned Highway Business (HB), it’s a truly versatile find for business owners, investors, or anyone seeking a dynamic live/work lifestyle. With multiple entrances, two separate parking areas, and a thoughtfully segmented layout, it’s built for dual use without compromising comfort. You’re greeted by fresh paint and new double-pane vinyl windows, offering both efficiency and a crisp, updated feel. The kitchen, refreshed within the past decade, features modern cabinetry, generous storage, and an intuitive flow into the main living and dining spaces. Warm, bright, and welcoming in that quietly confident way. Just beyond, an unexpected twist in the floorplan reveals a private wing with its own exterior access. A home office tucked away for focus, a workspace, an art studio where ideas take shape, or a mini suite for a small business seeking visibility and convenience. Here, the line between home and work doesn’t blur, it becomes beautifully intentional. Downstairs, the unfinished walkout basement, already plumbed for a full bathroom, offers the kind of value-add that savvy buyers dream about. Imagine expanding your living space, creating a rental unit, or building out a dedicated business zone with easy access. It’s potential in its purest form. Whether you picture a boutique office that draws in passerby, a creative studio bathed in natural light, or an income-producing setup that supports your long-term goals, this property stands ready. With modern updates, a highly functional layout, and rare commercial zoning, it offers more than a place to land, it offers a canvas for your next chapter.
Interior Features:
Cable Prewire, Kitchen Island, Open Floorplan, Storage
General Information:
| List Price: | $335,000 |
| Status: | For Sale |
| Bedrooms: | 3 |
| Type: | Single Family Residence |
| Approx Sq. Ft.: | 1088 sqft |
| Parking: | Driveway, On Street, Parking Space(s) |
| MLS Number: | CAR4320921 |
| Subdivision: | Gay Green |
| Bathrooms: | 1 |
| Lot Description: | Level |
| Year Built: | 1962 |
| Sewer Type: | Public Sewer |
Assigned Schools:
| Elementary: | Estes/Koontz |
| Middle: | Valley Springs |
| High: | T.C. Roberson |
Lane Yates
704-232-7238
Broker In Charge
Nearby Schools
These schools are only nearby your property search, you must confirm exact assigned schools.
| School Name | Distance | Grades | Rating |
| Oakley Elementary | 2 miles | KG-05 | 4 |
| Hall Fletcher Elementary | 3 miles | PK-05 | 2 |
| Isaac Dickson Elementary | 3 miles | PK-05 | 9 |
| Haw Creek Elementary | 3 miles | KG-05 | 7 |
| Charles C Bell Elementary | 4 miles | KG-05 | 8 |
| Francine Delany New School for Children | 4 miles | KG-06 | 9 |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Properties For Sale Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Status | List Price | Days on Market |
| 720 Reed Street, Asheville NC | 0 mi | $335,000 | days | |
| 711 Reed Street, Asheville NC | 0.1 mi | $359,900 | days | |
| 54 Fairview Street, Asheville NC | 0.1 mi | $599,000 | days | |
| 917 Chapel Road, Asheville NC | 0.1 mi | $499,900 | days | |
| 622 Reed Street, Asheville NC | 0.1 mi | $405,000 | days | |
| 725 Center Street, Asheville NC | 0.2 mi | $489,000 | days |
Sold Properties Nearby
Mileage is an estimation calculated from the property results address of your search. Driving time will vary from location to location.
| Street Address | Distance | Property Type | Sold Price | Property Details |
Commute Distance & Time
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| Down Payment Amount | $990,000 |
| Mortgage Amount | $3,960,000 |
| Monthly Payment (Principal & Interest Only) | $19,480 |
* Expand Calculator (incl. monthly expenses)
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| Total Monthly Payment | $20,941 |
Demographic Data For Zip 28803
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Transportation to Work |
Source is provided by local and state governments and municipalities and is subject to change without notice, and is not guaranteed to be up to date or accurate.
Property Listing Information
A Courtesy Listing Provided By RE/MAX Executive
720 Reed Street, Asheville NC is a 1088 ft2 on a 0.114 acres Level lot. This is for $335,000. This has 3 bedrooms, 1 baths, and was built in 1962.
Based on information submitted to the MLS GRID as of 2025-11-24 10:11:44 EST. All data is
obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently
reviewed and verified for accuracy. Properties may or may not be listed by the office/agent
presenting the information. Some IDX listings have been excluded from this website.
Properties displayed may be listed or sold by various participants in the MLS.
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Neither Yates Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing.
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