Structured Parking
New
For Sale
$2,400,000
318 W Chestnut St, Louisville, KY 40202
Long-term NNN ground lease operated by the Parking Authority of River City.
Property Size146,530 SF
Price / SF$16.38
Days on Market7
Property Features for 318 W Chestnut St
General Information
Standard status
Active
Size
146,530 SF
Total Parking Spaces
331
Property subtype
Other
Zoning
C3
Amenities
331 Parking Spaces
Building Details
Year Built
2011
Construction
concrete
Tenancy
Single
Listing Agency:
CORE Real Estate Partners
Listed By:
Alex Zega
(502) 550-0408
Source:
Kcrea.resimplifi
Added: Sep 2
Changed: Sep 7
Last Checked: Sep 7 at 3:10PM
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 CORE Real Estate Partners
Investment Insights
Based on property information with market context.
The offering comprises a multi-level concrete parking structure at 318 W Chestnut St in Louisville, Kentucky. Built in 2011, the property contains 146,530 SF and 331 parking spaces. The asset is subject to a ground lease with NNN responsibilities assigned to the tenant, leaving the operator responsible for ongoing property obligations.
The lease runs through 2060, with 34 years remaining and two 25-year renewal options. CPI adjustments occur every five years. The Parking Authority of River City operates the facility, which is located in downtown Louisville near Hilton Garden Inn, Metro Hall, Jefferson County Courthouse, Mercury Ballroom, Louisville Palace, and the Central Business District. The property is zoned C3.
The lease runs through 2060, with 34 years remaining and two 25-year renewal options. CPI adjustments occur every five years. The Parking Authority of River City operates the facility, which is located in downtown Louisville near Hilton Garden Inn, Metro Hall, Jefferson County Courthouse, Mercury Ballroom, Louisville Palace, and the Central Business District. The property is zoned C3.
Key Highlights
- 146,530 SF multi‑level concrete parking garage
- 331 total parking spaces
- Ground lease with NNN responsibilities assigned to tenant
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
9,032
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Parking lot & garage - Long-term NNN ground lease operated by the Parking Authority of River City.
Where is this parking lot & garage located?
The property is located at 318 W Chestnut St Louisville, KY.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 146,530 SF multi‑level concrete parking garage; 331 total parking spaces; Ground lease with NNN responsibilities assigned to tenant
