Property profile

14 Pack Sq Asheville, NC 28801

OFF-MARKET
Office Spaces
31,110 SF 0.37 ac lot Built 1909
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Property summary

AI-generated overview

This exceptional six-story office building, originally designed by Richard Sharp Smith in 1909 and extensively renovated in 2022, offers a unique blend of historic charm and modern amenities. Located at 14 S Pack Square in Asheville, NC, this 31,110 square foot building sits on a 0.37-acre lot in the heart of the Central Business District (CBD), zoned accordingly. The building features multiple tenancy options, with one currently available space of 549 square feet. Enjoy a range of office subtypes including executive, traditional, and creative spaces, all boasting 8-10 foot ceilings. Modern upgrades include a new elevator, fresh paint, commercial-grade carpeting and luxury vinyl tile, high-end restrooms, artwork, and updated wayfinding signage. The building offers convenient onsite private parking and boasts stunning views of Pack Square. Tenants benefit from a full-service lease structure encompassing utilities, janitorial services, repairs and maintenance, and property management. This prime location provides unparalleled access to Asheville's vibrant downtown scene, including top-rated restaurants, cafes, and shopping. The Buncombe County property (APN: 9649406331) presents a rare opportunity to secure prestigious office space in a landmark building.

Property profile

Verified
Property type Office Spaces
Year built 1909
Total area 31,110 SF
Lot 0.37 ac (16,117 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bakery Take-out & Catering
  • Accounting Firm
  • Photography Service (Bike/Boat/Book/etc) Store
  • Construction Company
  • Architecture Firm

Location

14 Pack Sq Asheville, NC 28801
Asheville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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