Property summary
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
VerifiedCap rate & NOI
Current use
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Dental Office
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Physician
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Physician
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Physician
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C3-CENTRAL BUSINESS · Louisville, KYZoning
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Zoning designation
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The district profile from the municipal source: what is on file for C3-CENTRAL BUSINESS in Louisville, KY.
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