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First-Floor Office Unit with High Ceilings
New
For Lease
$15 SF/Yr

950 S Third Street, Louisville, KY 40203

Open-plan workspace with exposed ductwork and free parking in Louisville’s SoBro neighborhood.

Space Size3,441 SF
Days on Market5

Property Features for 950 S Third Street

General Information

Standard status Active
Size 3,441 SF
Net Rentable 3,441 SF
Class B
Property subtype Office - General Office

Space & Availability

Available Space 3,441 SF
Contiguous Space 3,441 SF
Floor 1
Space Use Office

Additional Details

Highway Access Yes

Amenities

free parking
high ceilings
exposed ductwork

Building Details

Building Size 3,441 SF

Spaces For Lease

at 950 S Third Street Contact us

1st Floor $15/SF/Yr

Size
3,441 SF
Type
Office
Lease Type
Modified Gross
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Hoagland Commercial Realtors
Listed By: Tim Brown · License #KY66257
Source: Commercialcafe
Added: Aug 25 Changed: Aug 29 Last Checked: Aug 29 at 11:29AM

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 Hoagland Commercial Realtors

Investment Insights

Based on property information with market context.

This 3,441± SF first-floor office unit offers an open layout that can accommodate a range of office and commercial configurations. The space includes ceilings exceeding 12 feet and exposed ductwork, creating a bright, flexible interior with a contemporary character. Free parking is available for occupants and visitors.

The property is located at 950 S Third Street in Louisville’s SoBro neighborhood, providing a downtown setting for office, creative, showroom, and related commercial use. Its ground-level placement supports convenient access to the suite.

Key Highlights

  • 3,441± SF first‑floor office unit
  • Ceilings exceeding 12 feet
  • Open layout with exposed ductwork

Property Analytics

Current Use

Magnolia Blossom Montessori ... High School

Suggested Use

Top Pick Storage Facility Pet Grooming Service Home Appliance Store Discount Store (Bike/Boat/Book/etc) Store Pet 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
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

3,547
Businesses Nearby

Demographics for 40203, KY

16,801
Population
10,754
Households
1.6
Avg Household Size
37
Median Age
22%
College-Educated
86%
High-School Grad
2.9 sq mi
ZIP Area
5,793
Density / Sq Mi
$31,430
Median Household Income
$32,581
Median Earnings
$828
Median Rent
$179,300
Median Home Value

Market

Lease Benchmarks for Louisville, KY

$15.74 /SF/Yr
Avg Asking Price
$6.76–$26 /SF/Yr
Price Range
17,144 SF
Avg Space Size

This space is priced 5% below the average of $15.74 /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?
Office units - Open-plan workspace with exposed ductwork and free parking in Louisville’s SoBro neighborhood.
Where is this office units located?
The property is located at 950 S Third Street Louisville, KY.
What is the lease rate?
The lease rate is $15 SF/Yr.
What are key features of this property?
This property features: 3,441± SF first‑floor office unit; Ceilings exceeding 12 feet; Open layout with exposed ductwork
More about this property
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