For Sale
Call for price

620 3Rd StLouisville, KY 40202

Prime CBD location, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
119
This six-story, 88,598 square foot mixed-use building in Louisville, KY's Central Business District presents a compelling redevelopment opportunity. Currently 79% occupied, the property features 24 apartments and 9 office spaces, totaling 81,374 net rentable square feet, plus an event space. Built in 1910 and renovated in 1985, the building sits on a 0.596-acre lot and includes 14 parking spaces. Zoned C-3, it offers significant potential for a boutique hotel, short-term rentals, or other mixed-use developments. Its prime location is within walking distance of major attractions like 4th Street Live!, the Kentucky International Convention Center, and numerous hotels. The property benefits from its proximity to planned projects totaling $1.4 billion in investment within the CBD, and its eligibility for Opportunity Zone tax incentives. While the existing heating and cooling systems (including Climate Master, Energy Miser, Daikin, and Bosch units) require servicing, the robust infrastructure provides a solid foundation for redevelopment. This is an exceptional opportunity for investors seeking a high-impact project in a thriving urban core. The seller is highly motivated.

Highlights

  • Mixed-use, multifamily, and office building totaling 88,598 square feet, with 81,374 square feet of net rentable space.
  • Located in Louisville, KY's Central Business District (CBD) at 620 S 3rd St, with a C-3 zoning designation.
  • Six-story, 1910 building, renovated in 1985, containing 33 units (24 apartments, 9 offices, and an event space).
  • 79% occupancy, with 14 parking spaces on a 0.596-acre lot.
  • Motivated seller (Chapter 7 bankruptcy) offering redevelopment potential for boutique hotel, short-term rentals, or mixed-use; located near significant planned developments.
  • Broker co-op available; rent bumps permitted.

Property Details for 620 3Rd St

Property type
Office properties, Mixed-use properties
Square Feet
88,598 SF
Class
B
Year Built/Renovated
1910/1985
Buildings
1
Stories
6
Lot Size (sq. ft)
25,962 SF
Units
33

Location Insight

City
Louisville
County
Jefferson
State
Kentucky
Latitude
38.2480623
Longitude
-85.7568409
620 3Rd St, Louisville, Kentucky

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620 3Rd St
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