Acreage at 303 Gashes Creek Road, Asheville
Acreage at 303 Gashes Creek Road, Asheville, photo 2 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 3 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 4 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 5 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 6 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 7 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 8 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 9 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 10 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 11 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 12 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 13 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 14 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 15 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 16 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 17 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 18 of 19
Acreage at 303 Gashes Creek Road, Asheville, photo 19 of 19
19 photos

$1,360,000

303 Gashes Creek Road
Asheville, NC 28803
Listed by Greg Palombi · Dewey Property Advisors
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

Click "Documents" to see the hotel and office site conceptuals. Recent bank appraisal that supports asking price is available upon request. Great location for hospitality, medical office, or industrial distribution. Located in Buncombe County and not Asheville, so no Asheville restrictions on Hotel construction applies. Construction ready site with paved and striped parking in place for a hotel, office building, medical, gas station or convenience store. Over 30,000 cars on US 74A and right at the interchange with I-40. Right next to the Tunnel Road commercial core on one side and the Blue Ridge Parkway on the other. Previously approved for 30K office building or 68K sf of hotel through Buncombe County Planning and Zoning. Improvements include: parking, retaining walls, graded building site, underground fiber optic, sprinkler system, water supply, sewer and all utilities to site.

Property details

MLS
Canopy MLS
MLS #
CAR4340387
Property type
Acreage
Subdivision
N/A
Status
Active
Days on market
187
On market date
January 24, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A
Loading map…

Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Oakley Elementary
0.95 mi away · Grades 0-5
Zoned school (attendance boundary, 2015-16 data)
2.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: D (2025)
Enrollment
447
Student:teacher ratio
13.5:1
District
Buncombe County Schools
Middle
Reynolds Middle
1.5 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
523
Student:teacher ratio
14.5:1
District
Buncombe County Schools
High
Early College
3.42 mi away · Grades 9-13
Zoned school (attendance boundary, 2015-16 data)
3.8
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: A (2025)
Enrollment
278
Student:teacher ratio
25.3:1
District
Buncombe County Schools

Walkability

Blended score for Asheville's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

84
Highly walkable
out of 100
EPA National Walkability Index
14.5 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores5
Parks6
Schools3
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Asheville, from live MLS data.

On the market 187 days -- 66 more days than Asheville's current average of 121 days.
For reference, the median list price across 1,596 active listings in Asheville right now is $489,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

$
%
%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$8,340/mo
$272,000 down
$1,088,000 loan
Principal & interest$7,057
Property tax (est.)$1,133
Home insurance (est.)$150

Similar homes you might like

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated July 30, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.