Catylist ID:
#30779207
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 |
Attachments & Media
Additional Details
| Nearest MSA: | Louisville/Jefferson County |
| County: | Jefferson |
| Tax ID/APN: | 030A00420000 |
| Zoning: | PDD - Planned Development District |
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 |
Contact
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