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700 & 692 Reed Street & 12 Center Street 3 Specialty Properties Offered at $1,395,100 CAD in Asheville, NC
Investment Highlights
- Three-property portfolio located in Asheville's Biltmore Village area
- Mix of existing improvements and redevelopment opportunities
- Convenient access to Downtown Asheville, Biltmore Village, and major transportation corridors
- Includes 700 Reed St, 692 Reed St, and 12 Center St
- 12 Center St features newly constructed improvements completed in 2025
- Located within a growing infill redevelopment corridor
Executive Summary
The portfolio sale consisted of 700 Reed Street, 692 Reed Street, and 12 Center Street in Asheville, NC. Located within the Biltmore Village area, the assemblage included commercial and redevelopment-oriented properties, with 12 Center Street featuring newly constructed improvements completed in 2025. The portfolio offered a combination of existing improvements and future development potential in a rapidly evolving urban submarket with convenient access to downtown Asheville, retail amenities, and major transportation corridors.
Property Facts
| Price | $1,395,100 CAD | Number of Properties | 3 |
| Price / SF | $473.88 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,944 SF |
| Status | Active |
| Price | $1,395,100 CAD |
| Price / SF | $473.88 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 2,944 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 700 Reed St, Asheville, NC 28803 | Specialty | 1,280 SF | 1999 | - |
| 12 Center St, Asheville, NC 28803 | Specialty | 1,280 SF | - | - |
| 692 Reed St, Asheville, NC 28803 | Specialty | 384 SF | - | - |
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700 & 692 Reed Street & 12 Center Street
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