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1118 S 3rd St

Old Louisville, Louisville, KY
Total Size
9,746 sqft
Zoning
Year Constructed
0
Year Renovated
0
Building Class
Class B

About 1118 S 3rd St

This mixed-use property is located at 1118 South Third Street in Louisville. This property, located on one of Old Louisville’s most desirable streets, contains a renovated two story office building and 5 renovated apartments. The office portion is 5,020 sf (3773 on 1st floor and 1,247 on lower level) , and the apartments consist of 3 1BR/1BA units and 2 huge 2BR/2BA units (1,780 sf and 1,206 sf)

This property presents the opportunity for an owner user to occupy the office space and enjoy the ancillary income from the apartment rentals. Or, a buyer could lease the entire property for pure investment. Extensive renovations were undertaken, including cosmetic and mechanical work. The property is updated while still containing plenty of historical charm. All apartment are separately metered for gas and electric. The property contains approximately 20 parking spaces in the rear, a huge bonus for the area. Access is from both the alley and circular driveway in the front of the property.

This is truly a unique opportunity – a renovated, historic property with income in place, close to downtown with great parking.

PROPERTY HIGHLIGHTS:

-Mixed-use opportunity with 3773 sf of renovated, 1st floor office space and 1,247 of lower level storage; 5 renovated apartments -Excellent parking with access off 3rd street or the rear alley -Extensive renovations to office and apartments, including newer mechanicals and separate meters; -Asking Price $780,000 - Class of space: Class B

Internet Providers for 1118 S 3rd St

Provider Technology Max Download Speed Max Upload Speed
Time Warner Cable Cable
100 Mb/s
6 Mb/s
TOAST.net DSL
25 Mb/s
1.5 Mb/s
AT&T Kentucky DSL
25 Mb/s
1.5 Mb/s
MegaPath Corporation DSL
25 Mb/s
25 Mb/s

The Neighborhood: Old Louisville

On average, listings lease in the $10's per square foot per year. The Old Louisville region is experiencing a an increase in rates. In the last 3 months, the median rate rose $18 per sqft per year.

Compared to the rest of the Louisville market, the Old Louisville region has smaller rates, so you should have no trouble finding a great deal in this depreciated region.

Median Rate Median Size
Old Louisville $18
/sqft/yr
2,400
sqft
Median Rate Median Size
Louisville $21
/sqft/yr
5,180
sqft

Median Rate over Time in Old Louisville