101 Market StLouisville, KY 40202

Property Details for 101 Market St

Lot size

0.10 AC

Zone code

C3-CENTRAL BUSINESS

Property type

Turn key restaurants

APN

04017A01800000

APU

04017A01800000

Description

This exceptional mixed-use property, located at 101 & 103 West Market Street in Louisville, KY, presents a rare opportunity in the coveted Whiskey Row Distillery District. The two buildings, totaling 15,076 square feet above grade and an additional 3,931 square feet of basement area, boast four stories each and sit on a 0.098-acre lot. Built in 1913, the property is zoned for Commercial Central Business District use within the Downtown Management District. The ground floor of 101 West Market Street is currently leased to Justin's House of Bourbon, the world's largest rare bourbon boutique, providing immediate income potential. The upper floors of both buildings are ready for renovation, offering a blank canvas for a variety of uses, including retail, restaurants, or bourbon-themed establishments. The property features multiple entrances on Market and First Streets, rear service alley access, and all essential utilities. Its prime location at a signalized intersection offers exceptional visibility and accessibility, just one block south of Main Street's vibrant entertainment and Whiskey Row, two blocks from the Yum Center, and within walking distance of major hotels and the Louisville International Convention Center. The property is being sold free and clear with a clear title guaranteed. The sale will be conducted as a sealed bid auction with a potential second round of bidding. A 10% buyer's premium will be added to the high bid, with a 10% deposit required. Closing is scheduled for 30 days, as-is, where-is, with no contingencies.

• CAP approach

  CAP return

  Valuation

  6%

  $1,016,876

  6.5%

  $938,655

  7%

  $871,608

• Comparable approach

  Method

  Valuation

  Relative Method

  $944,910

  Geo Method

  $944,910

• Alternative Use

  Use

  Valuation

  Residential

  $791,791

  Hospitality

  $725,276

  Educational

  $603,421

  Medical

  $624,174

  Retail

  $938,655

Location Insight

City

Louisville

County

Jefferson

State

Kentucky

Latitude

38.2549

Longitude

-85.7516

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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