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Contiguous Development Land Opportunity
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500 W Broadway, Louisville, KY 40202

Contiguous downtown Louisville land opportunity within a Qualified Opportunity Zone, with additional parcels available.

Property Size180,000 SF
Lot Size7.50 Acres
Days on Market124

Property Features for 500 W Broadway

General Information

Standard status Active
Size 180,000 SF
Lot size 7.50 Acres
Property subtype Office
Zoning PD

Site & Location

Neighborhood Central Business District

Additional Details

Opportunity Zone Yes
Listing Agency: Colliers
Listed By: Jenny Johnston · License #246944
Source: Kcrea.resimplifi
Added: Jun 26 Changed: Oct 25 Last Checked: Oct 26 at 12:54PM

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 Colliers

Rey
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Investment Insights

Based on property information with market context.

This downtown Louisville assemblage presents contiguous development land within a Qualified Opportunity Zone, with an additional Qualified Census Tract included. The offering contemplates a larger platform for urban redevelopment, with scale and configuration suited to a range of adaptive and mixed-use concepts.

In addition to the land, the opportunity also includes the former 180,000 SF Bank of Louisville office building and a 253-space parking garage. The parcels are situated in the Central Business District, supporting flexibility for projects requiring both built space and on-site parking.

Approximately 2 additional acres proximate to the subject parcels are available under separate listings, allowing for further expansion depending on development needs.

Key Highlights

  • Over 7.5 acres of contiguous land in downtown Louisville within a Qualified Opportunity Zone
  • Also includes the former 180,000 SF Bank of Louisville office building
  • Includes a 253‑space parking garage

Property Analytics

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Open Analytics

Current Use

Air Hydro Power ... Factory

Suggested Use

Top Pick Storage Facility Electrical Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Garden Center Pet Store & Service

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

Location Intelligence

Trade Area within ½ mile

5,737
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

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

Frequently Asked Questions

What type of property is this?
Office building - Contiguous downtown Louisville land opportunity within a Qualified Opportunity Zone, with additional parcels available.
Where is this office building located?
The property is located at 500 W Broadway Louisville, KY.
What are key features of this property?
This property features: Over 7.5 acres of contiguous land in downtown Louisville within a Qualified Opportunity Zone; Also includes the former 180,000 SF Bank of Louisville office building; Includes a 253‑space parking garage
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