INNOVATE Real Estate
Hotel/Motel at Asheville
Hotel/Motel at Asheville, photo 2 of 11
Hotel/Motel at Asheville, photo 3 of 11
Hotel/Motel at Asheville, photo 4 of 11
Hotel/Motel at Asheville, photo 5 of 11
Hotel/Motel at Asheville, photo 6 of 11
Hotel/Motel at Asheville, photo 7 of 11
Hotel/Motel at Asheville, photo 8 of 11
Hotel/Motel at Asheville, photo 9 of 11
Hotel/Motel at Asheville, photo 10 of 11
Hotel/Motel at Asheville, photo 11 of 11
11 photos

$3,500,000

Asheville, NC 28801
Listed by Rick Tisdale · Howard Hanna Beverly-Hanks Asheville-Downtown
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Excellent rare opportunity to purchase over an acre in Downtown Asheville. The property is in the Central Business District and also within the Hotel Overlay District. Just a few blocks from the Asheville Civic Center (Harrah's Cherokee); plus very near to I-240 with an approx. 85,000 daily traffic count. Property has long range mountain views. Two story building (10,600 sqft) currently used as Asheville Elks Lodge. Buyer is responsible for verifying current city zoning and development ordinances.

Property details

MLS #
CAR4162655
Property type
Hotel/Motel
Subdivision
N/A
Status
Active
Days on market
418
On market date
July 18, 2024
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
N/A

Location

Get directions →
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 (e.g. NC Dept. of Public Instruction, SC Report Card).

Elementary
Isaac Dickson Elementary
0.23 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.3
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
407
Student:teacher ratio
14.0:1
District
Asheville City Schools
Middle
Asheville Middle
0.53 mi away · Grades 6-8
Zoned school (attendance boundary, 2015-16 data)
3.6
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
623
Student:teacher ratio
11.5:1
District
Asheville City Schools
High
Asheville High
1.55 mi away · Grades 9-12
Zoned school (attendance boundary, 2015-16 data)
4.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: B (2025)
Enrollment
1,135
Student:teacher ratio
13.2:1
District
Asheville City 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).

93
Highly walkable
out of 100
EPA National Walkability Index
17.7 / 20 -- Most walkable
Google Places amenity density
100 / 100
Restaurants & cafes20
Grocery stores12
Parks20
Schools16
Transit stops20
Pharmacies6

Market position

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

On the market 418 days -- 291 more days than Asheville's current average of 127 days.
For reference, the median list price across 1,242 active listings in Asheville right now is $507,000.

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
$21,227/mo
$700,000 down
$2,800,000 loan
Principal & interest$18,161
Property tax (est.)$2,917
Home insurance (est.)$150

Similar homes you might like

$3,360,000
Asheville, 28803
N/A bd·N/A ba·N/A
3 days on market
Listed by James Wilson, Pulliam Properties, Inc
New
$3,795,000
Asheville, 28803
N/A bd·N/A ba·N/A
0 days on market
Listed by Austin Walker, Whitney Commercial Real Estate
No photo
New
$3,500,000
Asheville, 28801
N/A bd·N/A ba·N/A
0 days on market
Listed by Jay Lurie, The Real Estate Center
$3,873,750
Asheville, 28803
N/A bd·N/A ba·N/A
240 days on market
Listed by James Wilson, Pulliam Properties, Inc
$3,425,000
Asheville, 28801
N/A bd·N/A ba·N/A
244 days on market
Listed by Jessica Auge, Likewise Commercial Real Estate
$3,750,000
Asheville, 28804
N/A bd·N/A ba·N/A
228 days on market
Listed by Carla Barnard, Likewise Commercial Real Estate
$3,000,000
Asheville, 28803
N/A bd·N/A ba·N/A
438 days on market
Listed by Brent Crowell, Keller Williams Mtn Partners, LLC

Data source: Listing information provided by Canopy MLS (carolina) via Trestle/CoreLogic. Last updated January 16, 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.