Office for Sale in Louisville, KY

  • Price: $2.9M
  • Listing type: For sale
  • Asset type: Office
  • Location: Louisville, KY 40206
  • Size: 15,210 SF

Description

We are pleased to present 2858 - 2862 Frankfort Avenue for sale. This 15,210 sf office building was renovated in 2023 and provides flexible floorplans, tall ceilings and exceptional natural light for any owner/occupant seeking a modern, attractive office environment. The building consists of two floors with a mezzanine space located on the second floor as well as a basement. Located on a desirable block along Frankfort Avenue, this property offers 1st floor retail potential in addition to a Class A office space environment. The property includes convenient onsite parking and is zoned C1.

Market Context

This office in Louisville, KY is listed for sale at $2,900,000 across 15,210 SF ($191/SF). It has been on the market for 143 days. Compare it against other office listings for sale in Louisville, KY — <a href="/search/sale/office/kentucky/louisville">view the full market</a>.

As of Q4 2022, the Louisville office market showed a 21.6% vacancy rate, and average asking rents near $18.00/SF/yr. Source: Cushman & Wakefield Q4 2022 market report.

Above-average vacancy gives buyers leverage and a wide set of comparables.

Office market FAQ

Is the Louisville office market tightening or softening?
Vacancy is around 21.6% (Q4 2022).

Unified Estimate

Very Low Confidence

$67.46/SF – $91.26/SF

Mid: $79.36/SF

Total estimate for 15,210 SF: $1,207,066

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market columbia (similarity: 100%) with 5 comparable listings.

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