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    222 1St St Louisville, KY 40202

    For Sale
    $6,500,000

    65,000 SF, $6.5M, High-Demand Location

    Property size:
    65,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional six-story, 65,000-square-foot Class B office building at 222 S 1st St, Louisville, KY 40202, presents a compelling investment opportunity. Built in 1922 and beautifully renovated, the property boasts a soaring atrium with a Euro-chic design and a fine roster of active tenants. Multiple spaces are available, ranging from 1,200 to 4,100 square feet, catering to diverse business needs. The C-3 zoning permits a variety of commercial uses, expanding potential redevelopment ventures. Its prime downtown location offers unparalleled access to the KFC Yum Center, the Convention Center, Omni Hotel, Whiskey Row, and numerous amenities, including restaurants, entertainment, healthcare, and more. A significant advantage is the proximity to a city-owned parking garage with over 600 spaces directly behind the building. The asking price is $6,500,000, with a price per unit of $100. The property features one building with six stories and is situated on APN 017A02900000. This versatile property is ideal for executive, medical, or creative office uses, and its location and amenities make it a highly attractive investment. The adjacent property at 113 West Jefferson Street is also available for purchase.

    Property Features for 222 1St St

    General Information

    Property type
    Office space
    Square Feet
    65,000 SF
    Class
    B

    Building Details

    Year Built
    1922
    Buildings
    1
    Stories
    6

    HighLights

    • 65,000 square feet±
    • Beautifully renovated, six‑story Class B office building
    • Multiple suites available, 1,200 to 4,100 square feet
    • C‑3 zoning allows diverse commercial uses
    • Soaring atrium with Euro‑chic design
    • Strong tenancy in place
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cosmetic Hair Replacement ... Hair Replacement Service Mann John L Real Estate Agency Morris Gary Real Estate Agency Unistar Purchasing Solutions Business To Business Service Conex Us World ... Freight Forwarding Service

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Dental Office Nail Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Louisville
    County
    Jefferson
    State
    Kentucky
    Longitude
    -85.75192341
    Latitude
    38.25400849

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    FAQs

    What type of property is this?
    Office space - 65,000 SF, $6.5M, High-Demand Location
    Where is this office space located?
    The property is located at 222 1St St Louisville, KY.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 65,000 square feet±; Beautifully renovated, six-story Class B office building; Multiple suites available, 1,200 to 4,100 square feet
    Request Owner's contact information
    222 1St St Louisville, KY 40202
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    Louisville, KY 40202
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    222 1St St Louisville, KY 40202
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