Office for Sale in Louisville, KY

  • Price: $2.9M
  • Listing type: For sale
  • Asset type: Office
  • Location: Louisville, KY 40202
  • Size: 37,552 SF

Description

Cushman & Wakefield | Commercial Kentucky is pleased to offer a rare investment opportunity for sale in Louisville’s East Market District. The Cobalt Marketplace, located at 445 East Market Street in Louisville, Kentucky, is a 41,976 square foot historic building that showcases timeless architectural charm within a prominent location in Downtown Louisville. The building possesses distinguished office spaces and desirable food and beverage retail space located on the first floor along Market Street. Located between Main and Market Streets, the building benefits from excellent visibility and accessibility, making it a key property for economic activity and urban vitality in the East Market District. Additionally, the property includes private onsite parking, a rare amenity for urban office buildings in Downtown Louisville.

Market Context

This office in Louisville, KY is listed for sale at $2,900,000 across 37,552 SF ($77/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).

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