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Property Description
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.
Full Property Details
Full Property Details for 720 Reed St
General
- Sold For: $345,000
- Status: Closed
- Type: Single Family
- Source: Charlotte_Regional_Realtor_Association
- MLS ID: 4320921
- Added to Site: 60 day(s) ago
Interior
- Interior Features: Cable Prewire, Kitchen Island, Open Floorplan, Storage
- Appliances: Refrigerator
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
- Main - Full Baths: 1
Bedrooms
- Total Bedrooms: 3
- Bedrooms Main & Up: 3
Other Rooms
- Laundry: In Basement, Lower Level, Washer Hookup
Parking
- Parking Features: Driveway, On Street, Parking Space(s)
Location
- County: Buncombe
- Subdivision: Gay Green
- Driving Directions: GPS
School Information
- Elementary School: Estes/Koontz
- Middle School: Valley Springs
- High School: T.C. Roberson
Heating & Cooling
- Cooling Type: Central Air, Electric
- Heating Type: Electric, Heat Pump
Utilities
- Sewer: Public Sewer
- Water: City
- Utility Description: Cable Available, Electricity Connected
Structural Information
- Construction: Site Built
- Exterior Const.: Wood
- Basement: Yes
- Basement Desc.: Exterior Entry, Interior Entry, Storage Space, Unfinished, Walk-Out Access, Walk-Up Access
- Roof: Architectural Shingle
- Main/1st Level: 1,088 Sq. Ft.
- Year Built: 1962
Lot Features
- Street/Road Desc.: Gravel, Paved
- Elevation (Approx.): 2000
- Lot Features: Level
- Rcmdd Zoning: HB
- Fencing (Description): Back Yard, Fenced, Privacy
Financial Considerations
- Terms: Cash, Conventional
Disclosures and Reports
- Property ID: 964784418000000
- Plat: 154
- Lot Number: 5348/1537
Listed by RE/MAX Executive
Sold by Walnut Cove Realty/Allen Tate/Beverly-Hanks
Get Pre-Approved Today
Schools
Schools serving 720 Reed St
School District:Buncombe County Schools
| Name | Grades | Distance |
|---|---|---|
William W Estes Elementary 275 Overlook Road, Asheville, NC 28803 | PK-4 | 4.3 mi |
T C Roberson High 250 Overlook Road, Asheville, NC 28803 | 9-12 | 4.5 mi |
Valley Springs Middle 224 Long Shoals Road, Arden, NC 28704 | 7-8 | 4.5 mi |
Koontz Intermediate School 305 Overlook Road, Asheville, NC 28803 | 5-6 | 4.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 720 Reed St
Date
Details
Price
Change
Source
12/18/2025
Sold
$345,000
2.99%
MLS
11/17/2025
Listed
$335,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
720 Reed Street, Asheville, NC 28803 (MLS# 4320921) is a Single Family property that was sold at $345,000 on December 18, 2025. Want to learn more about 720 Reed Street? Do you have questions about finding other Single Family real estate for sale in Asheville? You can browse all Asheville real estate or contact a Coldwell Banker agent to request more information.

