116 S 7th St - Downtown Parking Structure For Sale 151,350 SF Specialty Building Offered at $5,500,000 in Louisville, KY 40202

Located in the heart of Downtown Louisville, 116 S 7th Street presents an opportunity to acquire a multi-level parking structure positioned within one of the city's most active commercial, entertainment, and tourism districts. The property contains 490 total parking spaces across seven parking levels and includes approximately 3,618 square feet of ground-floor retail space, creating multiple potential income streams. Existing leased parking spaces provide in-place revenue while leaving room for future operational growth through additional parking utilization and leasing opportunities.
The asset benefits from immediate proximity to several of Louisville's most recognized destinations, including 21c Museum Hotel, Fourth Street Live!, Whiskey Row, the Louisville Slugger Museum & Factory, and the KFC Yum! Center. The location is also surrounded by hotels, restaurants, office buildings, government facilities, and entertainment venues that generate consistent parking demand throughout the day and evening. Downtown Louisville serves as the region's primary business and civic center, supporting demand from office workers, visitors, residents, and event attendees.
The property's central location offers convenient access to major downtown thoroughfares and nearby Ohio River crossings, enhancing connectivity throughout the Louisville metropolitan area. Additionally, the planned conversion of the former Humana headquarters building into a 1,000-room hotel may further contribute to parking demand in the surrounding area. Zoned C-3, the property is positioned within an established urban environment and offers a combination of existing income, retail frontage, and long-term operational potential.