West Main Street Development Opportunity

Office for Sale
Also listed as Retail-Commercial, Hospitality
Catylist Listing ID: 30819072
Property Subtypes: Mixed Use
Building Size (RSF): 13,500 SF
Gross Building Area: See Agent
Sale Price: See Agent
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/22/2022

Overview / Comments

A rare development opportunity in Louisville's Bourbon District. The property is 0.3878 acres on the corner of West Main Street and 6th Street along the Ohio River. Improvements include a 5-story, 13,500 SF historic office building and a surface parking lot with 40 spaces.
The property directly neighbors the Evan Williams Bourbon Experience. Across the street you have the Kentucky Center for the Performing Arts, 21c Museum Hotel and The Grady Hotel. The property is a short walk from the KFC Yum Center and the Kentucky International Convention Center, along with all of Downtown Louisville's finest bars and restaurants.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Tax ID/APN: 014E01240000
Zoning: C-3 - Commercial District
Property Located Between: At the corner of West Main Street and 6th Street
Property Visibility: Excellent
Highway Access: Easily accessible to Interstates via 3rd Street and 9th Street ramps.
Airports: Louisville Muhammed Ali International Airport
Site Description: Historic West Main Street property consisting of 5 parcels. The improvements include a 5-story, 13,500 SF historic office building and a surface parking lot with 40 spaces.
Area Description: The property is located on the corner of 6th and W. Main Streets in Louisville’s West Main District. The district features “Museum Row,” home to the Frazier History Museum, Louisville Slugger Museum, Kentucky Science Center, KMAC Museum, Evan Williams Bourbon Experience, Muhammad Ali Center, and 21c Museum Hotel. Louisville’s historic Main Street additionally boasts the largest collection of cast-iron facades in the nation outside of New York’s SoHo district. Located within Louisville’s Central Business District, the property is in the same block as Humana Headquarters and within a few blocks of several Class A office towers, the Kentucky International Convention Center, KFC Yum! Center, hotels, restaurants, and shopping. Main Street has earned the name “Whiskey Row” with several distilleries now open in Downtown Louisville, each offering unique bourbon experiences. The Urban Bourbon Trail is a cocktail and culinary experience guiding bourbon lovers through the best establishments in the city. Per Louisville Tourism, from January through May of 2022 three were 198,467 bourbon tourists which was over 22,000 more than in 2019 during that same period.
Total Number of Buildings: 1
Number of Stories: 5
Year Built: 1880
Exterior Description: Masonry Construction with Cast Iron Facade.
Parking Type: Surface
Parking Description: Highly visible 40-space surface lot at the corner of 6th and Main Streets.
Total Parking Spaces: 40

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,531 136,895 302,247
Median Age: 32.99 35.44 37
Households: 4,807 59,651 130,735

Contact

Photograph of Listing Agent

David L Hardy

CBRE Inc. KCREA Member
Photograph of Listing Agent

Michael P Somervell

CBRE Inc. KCREA Member
© Copyright 2001-2022 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Kentucky Commercial Real Estate Alliance nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.