This is Part 1 of a two-part series, where we study the radially symmetric high dimensional Fisher-KPP nonlocal diffusion equation with free boundary, and obtain a rather complete description of its long-time dynamical behavior, which reveals both similarities and fundamental differences to its one dimensional version considered in [J. Cao, Y. Du, F. Li, and W. T. Li, J. Funct. Anal., 277 (2019), pp. 2772--2814; Y. Du, F. Li, and M. Zhou, J. Math. Pure Appl., 154 (2021), pp. 30--66; Y. Du and W. Ni, Rate of Propagation for the Fisher-KPP Equation with Nonlocal Diffusion, and Free Boundaries, preprint, 2021] recently. Our goals on the long-time dynamics of the model include (a) find the threshold condition on the kernel function that governs the onset of accelerated spreading, (b) determine the spreading speed when it is finite, (c) obtain sharp estimates of the spreading profile for finite speed spreading as well as for accelerated spreading. The tasks in (a) and (b) are carried out here in Part 1, while (c) is done in a separate Part 2. This high dimensional problem poses considerable technical difficulties when the rate of spreading is considered, and we overcome that by introducing an intermediate kernel function which plays a crucial role both in determining the onset condition for accelerated spreading and in obtaining the spreading speed when it is finite.