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: |
3/13/2023 |
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 |
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 |
|
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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.
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