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Historic Office Suite
New
For Lease
$20 SF/Yr

403-18 S Pack Square, Asheville, NC 28801

Renovated common areas, natural light, private garage parking, and full-service lease terms support professional office use.

Space SizeContact for details
Days on Market6

Property Features for 403-18 S Pack Square

General Information

Standard status Active
Listing Agency: Whitney Commercial Real Estate
Listed By: Austin Walker · License #227527
Source: Exprealty
Added: Sep 21 Changed: Sep 23 Last Checked: Sep 26 at 7:39AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Whitney Commercial Real Estate

Investment Insights

Based on property information with market context.

Office space is available in the Commerce Building, a historic property designed by Richard Sharp Smith in the Renaissance Palazzo style. Suite 402 includes historic character and a view toward Pack Square, while the building offers functional floor plans and abundant natural light.

Recent improvements across the building group include new paint and carpet in offices and common areas, updated restrooms, lobby renovations, and designer finishes. The property also provides an on-site private parking garage and full-service lease structures covering utilities, janitorial service, repairs and maintenance, and property management.

The building occupies a central position on Pack Square in downtown Asheville, near restaurants, coffee shops, and shopping. The Commerce Building is located between the Westall and Legal buildings on Jackson Row.

Key Highlights

  • Suite 402 features historic details and a view of Pack Square
  • Recent renovations include paint, carpet, restrooms, and lobby improvements
  • On‑site private parking garage

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Storage Facility Butcher Locksmith Tanning Salon Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,196
Businesses Nearby

Demographics for 28801, NC

15,148
Population
8,490
Households
1.8
Avg Household Size
39
Median Age
53%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
2,970
Density / Sq Mi
$51,125
Median Household Income
$38,829
Median Earnings
$1,130
Median Rent
$481,400
Median Home Value

Market

Lease Benchmarks for Asheville, NC

$21.59 /SF/Yr
Avg Asking Price
$16–$35 /SF/Yr
Price Range
4,352 SF
Avg Space Size

This space is priced 7% below the average of $21.59 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Renovated common areas, natural light, private garage parking, and full-service lease terms support professional office use.
Where is this office units located?
The property is located at 403-18 S Pack Square Asheville, NC.
What is the lease rate?
The lease rate is $20 SF/Yr.
What are key features of this property?
This property features: Suite 402 features historic details and a view of Pack Square; Recent renovations include paint, carpet, restrooms, and lobby improvements; On‑site private parking garage
More about this property
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