Bank -Owned, Historic Redevelopment Opportunity

This bank-owned, commercial property is a rare opportunity to acquire a historic asset in Downtown Louisville, KY. It is priced at a significant discount to appraised value and replacement cost. Located on South Third Street, the building is steps from major redevelopment projects and is perfectly suited for adaptive reuse — whether for office, residential, hospitality, or mixed-use.

Constructed circa 1905, the property offers more than 81,000 + square feet of existing space, blending traditional office layouts with distinctive historic features and a multifamily component. It’s a compelling opportunity for investors or developers to capitalize on current momentum in the downtown submarket.

With its bank-owned status, this asset offers an accelerated acquisition path and strong upside potential for buyers seeking value and vision. Located in a district undergoing major revitalization, it’s one of Louisville’s premier urban investment opportunities

>> Bank-Owned – below-market pricing

>> ±81,000 SF of flexible, mixed-use space

>> Historic structure with original character, built c. 1905

>> Ideal for owner-users, adaptive reuse, or redevelopment

>> Potential eligibility for Historic Tax Credits

>> Walkable to ample parking, downtown housing, and JCTC’s $90M+ campus investment

For financials please cut and paste the link below:

https://connect.prgproperty.com/deal-room/338?signature=3e20baf73dc4c3f55fec3f096df65e41eafe9802d5b568772de4314f1177b7c7