Property profile

100 Market St Louisville, KY 40202

OFF-MARKET
Office buildings
Property ID
US34-0041040
3,627 SF 0.2 ac lot Built 1967
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property presents a lucrative investment opportunity in the heart of downtown Louisville, Kentucky. Located at the corner of 1st and Market Streets, this 0.4-acre lot boasts a strategic position near the Omni Hotel, KFC Yum! Center, and the Kentucky International Convention Center, ensuring high visibility and foot traffic. The property currently comprises two buildings totaling 8,243 square feet. The building at 100 E Market Street is a 3,627 square foot medical office space featuring a lobby, reception area, eight exam rooms, and an X-ray room. The second building, located at 209 S First Street, offers 4,616 square feet of space, currently configured as two retail showrooms with additional office space on the second floor. The property also includes a convenient parking lot. The asking price is $2,700,000, translating to $327.55 per square foot. The property is zoned C-3 - Commercial District, allowing for a wide range of development possibilities. The current lease is a Triple Net (NNN) lease with a single tenant and three years remaining. This prime location and flexible zoning make this an ideal opportunity for redevelopment or continued operation as a mixed-use property. The property's proximity to major attractions and its substantial size offer significant potential for future growth and return on investment. The Jefferson County APN is 017A02320000.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1967
Total area 3,627 SF
Lot 0.2 ac (8,577 SF)
Zoning code C3-CENTRAL BUSINESS
APN 04017A02320000
UPID US34-0041040

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Physician
  • Physician
  • Physician
  • Medical Clinic

Location

100 Market St Louisville, KY 40202-1969
Louisville metro Census 4900 LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$730k
CAP Approach CAP
$770k
Comparable Approach Comparable
$488k
Blend (final) Blend
$660k

Owner & transaction history

since 2020
Last sale
$1.0M
6 recorded transactions
2020
$1.0M
2020
Price N/A
2020
Price N/A
2018
Price N/A
2018
Price N/A
1969
Price N/A

Zoning & alternative use

C3-CENTRAL BUSINESS · Louisville, KY
Top alternative use upside
Auto repair, garage $695,000 +86.4%
Retail stores $460,000 +23.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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