1 N Pack Sq, Asheville, NC 28801
- Commercial real estate
- 72,432 SF
- 0.46 lot acres
Current Use by Public Records
- MBG & Assoc LLC / Law Firm
- Asheville by Foot Walking Tours / Travel Agency / Tour Operator
- TurnKey Vacation Rentals - Asheville / Property Management Company
- Dr. Stephen R. Shaffer, MD / Physician
- Woolworth Walk / Department Store
Property Details for 1 N Pack Sq
- Year built
- 1982
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.46 lot acres
- Zone code
- DEED DATE:12/22/2014 DEED
- Property type
- Commercial real estate
- APN
- 9649-40-4582-00000
- APU
- 964940458200000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 22, 2014 | — | Biltmore Building LLC | Cecil,william A V & Mary R | Grant Deed | — |
Description
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.
Value Estimations
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $17,289,000
- AI Estimate
- $17,289,000
Market price range: $8.67M - $30.2MMarket price range: $8.67M - $30.2M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $18,610,000 Current use
- RESTAURANT
- $27,150,000 Change: +46% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $18,565,000 Change: -0% Conversion: Difficult
- MEDICAL BUILDING
- $16,350,000 Change: -12% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Asheville
- County
- Buncombe
- State
- North Carolina
- Longitude
- -82.5513
- Latitude
- 35.5955
- CBSA code
- 11700
- CBSA name
- ASHEVILLE, NC METROPOLITAN STATISTICAL AREA
