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620 Building 620 S Third St 81,374 SF Office Building Louisville, KY 40202 $3,900,000 ($47.93/SF)
Executive Summary
This bank-owned, commercial property is a rare opportunity to acquire a historic asset in Downtown Louisville, KY. It is priced at a significant discount to appraised value and replacement cost. Located on South Third Street, the building is steps from major redevelopment projects and is perfectly suited for adaptive reuse — whether for office, residential, hospitality, or mixed-use.
Constructed circa 1905, the property offers more than 81,000 + square feet of existing space, blending traditional office layouts with distinctive historic features and a multifamily component. It’s a compelling opportunity for investors or developers to capitalize on current momentum in the downtown submarket.
With its bank-owned status, this asset offers an accelerated acquisition path and strong upside potential for buyers seeking value and vision. Located in a district undergoing major revitalization, it’s one of Louisville’s premier urban investment opportunities
Bank-Owned – below-market pricing
81,000 SF of flexible, mixed-use space
Historic structure with original character, built c. 1905
Ideal for owner-users, adaptive reuse, or redevelopment
Potential eligibility for Historic Tax Credits
Walkable to ample parking, downtown housing, and JCTC’s $90M+ campus investment
Constructed circa 1905, the property offers more than 81,000 + square feet of existing space, blending traditional office layouts with distinctive historic features and a multifamily component. It’s a compelling opportunity for investors or developers to capitalize on current momentum in the downtown submarket.
With its bank-owned status, this asset offers an accelerated acquisition path and strong upside potential for buyers seeking value and vision. Located in a district undergoing major revitalization, it’s one of Louisville’s premier urban investment opportunities
Bank-Owned – below-market pricing
81,000 SF of flexible, mixed-use space
Historic structure with original character, built c. 1905
Ideal for owner-users, adaptive reuse, or redevelopment
Potential eligibility for Historic Tax Credits
Walkable to ample parking, downtown housing, and JCTC’s $90M+ campus investment
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
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-
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| Operating Expenses |
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| Total Expenses |
$99,999
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$9.99
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Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
81,374 SF
Building Class
C
Year Built/Renovated
1910/1994
Price
$3,900,000
Price Per SF
$47.93
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
13,562 SF
Building FAR
3.17
Lot Size
0.59 AC
Opportunity Zone
Yes
Zoning
C-3 - Commercial
Parking
10 Spaces (0.12 Spaces per 1,000 SF Leased)
Amenities
- Atrium
1 1
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (80)
Property Taxes
| Parcel Number | 013K01420000 | Improvements Assessment | $1,130,270 |
| Land Assessment | $1,269,730 | Total Assessment | $2,400,000 |
Property Taxes
Parcel Number
013K01420000
Land Assessment
$1,269,730
Improvements Assessment
$1,130,270
Total Assessment
$2,400,000
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620 Building | 620 S Third St
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