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Single-Story Retail Space
For Lease
$16 SF/Yr

248 E Market St, Louisville, KY 40202

C3-O-zoned space offers East Market exposure, signage potential, and on-site parking in downtown Louisville.

Space Size4,500 SF
Days on Market1235

Property Features for 248 E Market St

General Information

Standard status Active
Size 4,500 SF
Net Rentable 4,500 SF
Total Parking Spaces 15
Property subtype Retail
Zoning C3-O
Lease Type NNN

Space & Availability

Available Space 4,500 SF
Contiguous Space 4,500 SF
Floor Ground

Site & Location

Traffic Count 14,600 vehicles/day
Road Access Yes

Amenities

Water
Sewer

Building Details

Year Built 1985
Stories 1
Building Size 4,500 SF

Spaces For Lease

at 248 E Market St Contact us

Available Space $16/Mo

Contact us
Listing Agency: NTS Development Co.
Listed By: Tony Fluhr
Source: Kcrea.resimplifi
Added: Apr 20, 2023 Changed: Sep 3 Last Checked: Sep 5 at 3:56AM

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 NTS Development Co.

Investment Insights

Based on property information with market context.

This single-story retail space is located at 248 E Market St within the J.D. Nichols Campus for Innovation & Entrepreneurship. The building dates to 1985 and provides a retail or office configuration with signage potential along East Market Street.

The property sits in downtown Louisville near the Nulu District, with approximately 15 on-site parking spaces. A parking garage is located one block from the building, and East Market Street records average daily traffic of approximately 14,600 vehicles per day. C3-O zoning supports the property's commercial positioning.

Key Highlights

  • C3‑O zoning
  • Single‑story retail or office configuration
  • Approximately 15 on‑site parking spaces

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Carpet & Flooring Store Veterinary Clinic Garden Center Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14,600 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.40 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

9,206
Businesses Nearby

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

Market

Lease Benchmarks for Louisville, KY

$17.59 /SF/Yr
Avg Asking Price
$1.03–$51.27 /SF/Yr
Price Range
20,804 SF
Avg Space Size

This space is priced 9% below the average of $17.59 /SF/Yr.

Vacancy Rate% for Office in Louisville, KY

12.4% 2019
14.8% 2020
14.3% 2021
15.4% 2022
16.3% 2023
15.7% 2024
18.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - C3-O-zoned space offers East Market exposure, signage potential, and on-site parking in downtown Louisville.
Where is this retail space located?
The property is located at 248 E Market St Louisville, KY.
What is the lease rate?
The lease rate is $16 SF/Yr.
What are key features of this property?
This property features: C3‑O zoning; Single‑story retail or office configuration; Approximately 15 on‑site parking spaces
More about this property
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