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Street-Front Retail Building
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501-507 S 3rd St, Louisville, KY 40202

Corner location in downtown Louisville with C3-O zoning and nearby hospitality uses.

Property Size37,218 SF
Price / SF$0.00
Days on Market307

Property Features for 501-507 S 3rd St

General Information

Standard status Active
Size 37,218 SF
Property subtype Retail
Zoning C3-O
Lease Type Gross

Additional Details

Highway Access Yes

Amenities

Water
Sewer

Building Details

Year Built 1930
Listing Agency: Fox Realty
Listed By: Stephen Fox
Source: Kcrea.resimplifi
Added: Nov 2, 2025 Changed: Sep 2 Last Checked: Sep 2 at 1:22PM

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 Fox Realty

Investment Insights

Based on property information with market context.

The McDowell Building provides 37,218 square feet of retail-oriented space at 501-507 S 3rd St in downtown Louisville. The property occupies a corner at S 3rd Street and Muhammad Ali Boulevard, offering a street-facing setting for commercial occupancy.

The building is near I-65 and Fourth Street Live, with vehicle and pedestrian activity identified in the surrounding area. The Omni Hotel & Conference Center is located across the street, along with an open green space. The Edge on 4th, a 230-unit luxury apartment property, is one block away. C3-O zoning applies to the site, and several existing occupants have maintained extended tenancies in the building.

Key Highlights

  • 37,218‑square‑foot retail‑oriented building in downtown Louisville
  • Corner position at S 3rd Street and Muhammad Ali Boulevard
  • C3‑O zoning

Property Analytics

Current Use

Storefront properties

Suggested Use

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

10,389
Businesses Nearby
204k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 43% Dining 41% Shops & Services 13% Groceries 2%
Louisville Marriott Downtown Hotels & Casinos
27,211 visits/mo 0.1 miles
McDonald's Dining
26,716 visits/mo 0.4 miles
The Old Spaghetti Factory Dining
22,175 visits/mo 0.3 miles
Embassy Suites by Hilton Louisville Downtown Hotels & Casinos
17,524 visits/mo 0.1 miles
Shell Shops & Services
15,640 visits/mo 0.2 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

Market

Vacancy Rate% for Retail in Louisville, KY

5.4% 2019
5.4% 2020
4.7% 2021
4.8% 2022
5.1% 2023
4.2% 2024
4.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Storefront property - Corner location in downtown Louisville with C3-O zoning and nearby hospitality uses.
Where is this storefront property located?
The property is located at 501-507 S 3rd St Louisville, KY.
What are key features of this property?
This property features: 37,218‑square‑foot retail‑oriented building in downtown Louisville; Corner position at S 3rd Street and Muhammad Ali Boulevard; C3‑O zoning
More about this property
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