The Marmaduke Building FOR SALE

Office for Sale
Also listed as Multi-Family
Catylist Listing ID: 30819178
Property Subtypes: Mixed Use, Net Leased, Office Building
Building Size (RSF): 30,875 SF
Gross Building Area: See Agent
Sale Price: $2,550,000
Unit Price: $82.59 PSF
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User
Class of Space: Class B
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/12/2023

Overview / Comments

Now available for sale, the Marmaduke Building is an historic Downtown Louisville opportunity. The property is comprised of approxiately 32,000 SF on 5 floors. It contains various retail and office tenants, but could also be a prime redevelopment opportunity to apartments or Airbnb’s.

The property is located in the heart of downtown 4th Street, directly adjacent to the iconic Seelbach Hotel, which is going through major and upgrades. It is also near other recent hotel and apartment developments, and steps from the shopping and restaurants of Fourth Street Live.

Originally constructed in 1885 and currently on the National Register of Historic Places, this offering is an excellent opportunity for a historical tax credit or Opportunity Zone project. With the explosion of bourbonism and strong convention market, now is the time to invest in Downtown Louisville with this rare opportunity.

Property Highlights:

> Historically significant; built circa 1885
> Located in an Opportunity Zone, ideal for Airbnb or apartment conversion
> Adjacent to the Seelbach Hotel & steps from Fouth Street Live

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 013E00970000
Zoning: C-3 - Commercial District

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 17,071 138,042 300,499
Median Age: 34.91 35.34 37.05
Households: 7,391 60,232 130,069
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