1 N Pack Sq Asheville, NC 28801
For Lease
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This exceptional seven-story, 140,598 square foot office building, constructed in 1982 and renovated in 2006, presents a unique investment opportunity in the heart of Asheville's Central Business District (CBD). Located on 0.46 acres of land, the property boasts a prestigious address overlooking Pack Square, offering unparalleled visibility and access to Asheville's vibrant downtown amenities. The building features a mix of traditional and creative office spaces, currently offering seven available suites ranging from 170 to 2,466 square feet. High-end finishes, stunning downtown and mountain views, and 24-hour secure access with a staffed lobby during business hours are key features. The third and fourth floors each include a shared kitchenette for tenant convenience. The building's design, attributed to I. M. Pei, is considered an architectural landmark. On-site monthly parking is available (subject to availability). The property's zoning designation is CBD, and its Buncombe County APN is 9649-40-4582. This full-service lease opportunity provides a rare chance to secure a prominent presence in one of Asheville's most desirable locations. Easy access from I-240, Exit 5A, makes this property highly convenient.
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Dr. Stephen R. Shaffer, MD Physician
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Woolworth Walk Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
DEED DATE:12/22/2014 DEED · Asheville, NCCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.