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    Property profile & analytics
    OFF-MARKET Estimated value $10,670,000
    Manufacturing properties

    525 Broadway, Louisville, KY 40202-2206

    354,415 SF 2.08 ac lot Built 1948
    Entity Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US34-0039913
    Property summary
    AI-generated overview

    This exceptional Louisville, KY property at 525 W. Broadway offers 451,000 square feet of office and warehouse space on a 3.5-acre lot. The asking price is $4,000,000, significantly reduced from $7,000,000, presenting a compelling redevelopment opportunity. Located in the Central Business District (CBD), this former headquarters building boasts superb ingress and egress, with floor sizes ranging from 11,896 to 52,564 square feet. A separate 136,000-square-foot warehouse is also available. The property is zoned C-3 and enjoys convenient access to major interstates, including I-65, I-64, I-71, I-265, and I-264. This presents a rare chance to acquire a substantial property in a prime Louisville location. An adjacent warehouse at 667 Armory Place is also available for purchase, expanding the potential of this already significant offering. The combined purchase price for both properties is $7,000,000, a substantial reduction from the original $13,250,000. This is a unique opportunity for investors seeking a large-scale project in a thriving urban core.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1948
    Total area 354,415 SF
    Lot 2.08 ac (90,605 SF)
    Zoning code C3-CENTRAL BUSINESS
    APN 03013K00220000
    UPID US34-0039913
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Union Station Tour Operator
    • CJ Media Marketing & Advertising Advertising Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $9.50M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.66M
    Blend (final) Blend
    $10.67M
    Owner & transaction history
    525 W Broadway Louisville Ky LLC · 3 yrs held
    525 W Broadway Louisville Ky LLC
    since 2022
    Last sale
    $11.4M
    2 recorded transactions
    2022
    $11.4M
    1969
    Zoning & alternative use
    C3-CENTRAL BUSINESS · Louisville, KY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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