502-939-0399
5701 S 3rd St, Louisville, KY for Sale
Office/Residential - FOR SALE
1/10
null | Request Cap Rate

5701 S 3rd St
Louisville, KY 40214
Southside


HIGHLIGHTS

  • The corner location and off-street parking add to that flexibility, particularly for professional or mixed residential/office use.
  • No reserve. No minimum. The highest bidder wins.
  • The existing configuration provides an immediate starting point, but the property's real opportunity is its flexibility.

OVERVIEW

ABSOLUTE AUCTION – SELLS TO THE HIGHEST BIDDER REGARDLESS OF PRICE! Bidding begins to close Wednesday, September 2 at 6:30 PM. 5701 S. 3rd Street presents a flexible mixed-use value-add opportunity positioned between the Iroquois Park and Beechmont neighborhoods, an area of South Louisville that has experienced increasing investment and buyer demand in recent years. The approximately 2,472-square-foot building has operated for many years as a chiropractic office combined with two residential units. The entire building is vacant, giving the next owner immediate control over renovation, leasing, occupancy, and future use. A buyer can evaluate continuing the mixed office/residential configuration, renovating and leasing the existing units, creating a larger residential configuration, establishing an owner-occupied professional office with supplemental rental income, or exploring other uses compatible with OR-2 zoning and applicable Louisville Metro requirements. And because the building is vacant, the next owner controls the strategy from day one. There are no existing leases or tenants dictating renovation schedules, rents, occupancy, or future plans. For investors, owner-users, entrepreneurs, or buyers looking for a property they can reposition over time, 5701 S. 3rd Street offers multiple paths forward at a price determined entirely by the market. The shed and certain contents may be removed prior to closing and should not be considered part of the real estate offering unless otherwise stated in the auction terms.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

OR2

APN/PARCEL ID

060E01000000

ASK ABOUT THIS PROPERTY

Bill MenishThe Menish Group Auction & Real EstateMore Info
502-939-0399

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Bill MenishThe Menish Group Auction & Real EstateMore Info
502-939-0399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.