Downtown Parking
For Sale
$5,500,000
116 S 7th St, Louisville, KY 40202
Seven-level facility with existing parking leases and ground-floor retail space in downtown Louisville.
Property Size151,350 SF
Price / SF$36.34
Days on Market51
Property Features for 116 S 7th St
General Information
Standard status
Active
Size
151,350 SF
Total Parking Spaces
490
Property subtype
Investment
Zoning
C3
Amenities
490 Parking Spaces
Listing Agency:
TRIO Commercial Property Group
Listed By:
Seth Edens
(502) 553-4180
Source:
Kcrea.resimplifi
Added: Aug 27
Changed: Oct 11
Last Checked: Oct 16 at 5:39AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of TRIO Commercial Property Group
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Investment Insights
Based on property information with market context.
This C-3-zoned parking structure at 116 S 7th St in Louisville contains 151,350 square feet across 7 parking levels, with capacity for 490 vehicles. The property also includes 3,618 square feet of ground-floor retail space, adding a separate commercial component to the asset. 90 parking spaces are currently leased, providing established parking income.
The structure is adjacent to 21c Museum Hotel and within walking distance of Fourth Street Live!, Whiskey Row, Louisville Slugger Museum & Factory, KFC Yum! Center, hotels, restaurants, and office buildings. Its downtown setting combines structured parking with retail frontage and an existing leased component.
The structure is adjacent to 21c Museum Hotel and within walking distance of Fourth Street Live!, Whiskey Row, Louisville Slugger Museum & Factory, KFC Yum! Center, hotels, restaurants, and office buildings. Its downtown setting combines structured parking with retail frontage and an existing leased component.
Key Highlights
- 490 total parking spaces across 7 parking levels
- 90 parking spaces currently leased
- 3,618 SF of ground‑floor retail space
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,283
Businesses Nearby
90k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 72%
Dining 26%
Shops & Services 1%
Louisville Marriott Downtown
Hotels & Casinos
27,211 visits/mo
0.4 miles
The Old Spaghetti Factory
Dining
22,175 visits/mo
0.4 miles
Embassy Suites by Hilton Louisville Downtown
Hotels & Casinos
17,524 visits/mo
0.5 miles
Holiday Inn Express & Suites Louisville Downtown
Hotels & Casinos
6,995 visits/mo
0.2 miles
Courtyard Louisville
Hotels & Casinos
6,872 visits/mo
0.4 miles
Demographics for 40202, KY
7,179
Population
4,242
Households
1.7
Avg Household Size
39
Median Age
27%
College-Educated
83%
High-School Grad
1.6 sq mi
ZIP Area
4,487
Density / Sq Mi
$29,382
Median Household Income
$33,205
Median Earnings
$881
Median Rent
$340,000
Median Home Value
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Market
Vacancy Rate% for Retail in Louisville, KY
Similar Off Market Nearby
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- U-Haul Neighborhood Dealer — 1237 W Main St, Louisville, KY 40203
- Powerplay Car Rental — 1512 Portland Ave, Louisville, KY 40203
Frequently Asked Questions
What type of property is this?
Parking lot & garage - Seven-level facility with existing parking leases and ground-floor retail space in downtown Louisville.
Where is this parking lot & garage located?
The property is located at 116 S 7th St Louisville, KY.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 490 total parking spaces across 7 parking levels; 90 parking spaces currently leased; 3,618 SF of ground‑floor retail space
