Office for Sale in Louisville, KY

  • Price: $2.9M
  • Listing type: For sale
  • Asset type: Office
  • Location: Louisville, KY 40202
  • Size: 11,200 SF

Description

Cushman & Wakefield | Commercial Kentucky is pleased to present the newly renovated "Old House" for lease. Formerly a Louisville staple, the property has been excavated, reinforced and framed into shell condition ready for tenant finish. The property can be leased in its entirety or subdivided into 2-4 spaces. 436 S. 5th Street also provides the opportunity for distinctive signage as well as free surface parking.

Market Context

This office in Louisville, KY is listed for sale at $2,900,000 across 11,200 SF ($259/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

High Confidence

$53.25/SF – $72.05/SF

Mid: $62.65/SF

Total estimate for 11,200 SF: $701,680

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

Contact

Explore this market

Similar Office for Sale in Louisville, KY