Downtown Louisville Redevelopment Site

Office for Sale
Catylist Listing ID: 30503758
Property Subtypes: Executive Suites, Governmental, Institutional, Medical, Mixed Use, Flex Space, Office Building, Other
Building Size (RSF): 41,000 SF
Gross Land Area: 0.29 Acres
Sale Price: $2,999,000
Unit Price: $73.15 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Building Name: 231 E Main Building
Class of Space: Class C
Usable Size (USF): 41,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/30/2021

Overview / Comments

We are pleased to present 231 East Main Street (“231”), located in Downtown Louisville, KY . Formerly known as the Louisville Grocery Company Building, the structure is ideally located near several tourist attractions including Louisville Waterfront Park, multiple new Bourbon Distilleries, Louisville Slugger Field and KFC YUM! Center. Proximity to Corporate Headquarters including Humana, LG&E and Atria make 231 E Main a wonderful redevelopment target.

The new owner will want to take advantage of available State & Federal Historic Tax Credits when redeveloping this property. Property is located in an Opportunity Zone.

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Jefferson
Taxing Authority: Jefferson County
Tax ID/APN: 018B00060000
Zoning: C-3 - Commercial District
Property Located Between: Floyd and Brook Streets
Property Visibility: Excellent
Highway Access: I-64, I-65 and I-71
Airports: Louisville International Airport
Site Description: Central Business District along Main Street. Near Louisville Waterfront Park and NULU.
Area Description: Louisville, KY Central Business District (CDB)
Total Number of Buildings: 1
Number of Stories: 5
Typical SF / Floor: 6,832 SF
Year Built: 1915
Construction/Siding: Brick
Exterior Description: Brick
Parking Type: Surface
Parking Description: The building includes 18 parking spaces directly off E Washington Street. The Washington Street garage is directly behind the building offering 1,000(+) parking spaces.
Total Parking Spaces: 18
Freight Elevators: 1
Sprinklers: Wet
Heat Type: Electricity, Natural Gas
Heat Source: Wall Units
Interior Description: The interior is in its original/shell condition except Floor 2 which has a small office area.
Zoning Description: C-3
Lot Frontage: 60
Lot Depth: 204
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,730 133,679 307,739
Median Age: 36.79 35.79 37.15
Households: 4,433 59,773 133,466


Photograph of Listing Agent

Aaron J Willis

Column Realty KCREA Member
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