L&F Building FOR SALE: Investment/Owner Occupant Opportunity

Office for Sale
Catylist Listing ID: 30779207
Property Subtypes: Governmental, High-Tech, Mixed Use, Flex Space, Office Building
Building Size (RSF): 85,480 SF
Gross Building Area: See Agent
Gross Land Area: 1.17 Acres
Sale Price: $9,500,000
Unit Price: $111.14 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Building Name: Luckett & Farley Building
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/28/2023

Overview / Comments

Designed by some of the most well-known architects, engineers, and interior designers in the region, the Luckett & Farley building has been transformed into one of the most architecturally distinct and recognizable buildings in the Louisville MSA. The building consists of more than 85,000 SF within three stories, a garage, and a finished lower level, which has been renovated to first class office space.

The current tenants are on flexible leases, allowing for either an investor to recognize significant upside or an owner-occupant to plant their roots Downtown in a rapidly developing submarket surrounded by exciting improvement and repurposing projects underway. This property offers the opportunity to acquire a noteworthy asset, in a growing submarket, with a variety of market ready spaces. Highlights include:

> Rare owner-occupant or investment opportunity
> On site parking, plus additional parking adjacent to property
> Flexible leases allowing for investor upside or owner occupant potential
> Attractive PSF pricing well below replacement cost

Addresses include:

> 737 S 3rd St., 41,062 SF of finished office space
> 745/749 S. 3rd St., 40,394 SF of finished office space
> 741 S 3rd St., 4,024 SF of warehouse/garage space with high clearance and overhead doors

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 030A00420000
Zoning: PDD - Planned Development District

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,599 135,749 315,546
Median Age: 35.44 35.36 37.01
Households: 10,391 59,325 135,948
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Moody's assume any liability for errors or omissions.