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981 South Third Street, Louisville, KY 40203

Commercial property for sale

Added: 03/26/2012
Last Update: 06/29/2012
981 South Third Street Louisville, KY 40203 US
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Description

The Cosmopolitan Building is a true, one-of-a-kind opportunity in Louisville. This bank owned asset is a historic structure, constructed in 1917, but also updated over the years on the building's interior. Priced at just under $19.00 psf, this represents an opportunity to acquire a versatile asset at a fraction of replacement cost. The property is comprised of a 4 story building at just under 40,000 sf with a beautiful exterior facade. There is elevator service. A beautiful, soaring lobby leads to 4 floors of flexible space that can be utilized or converted for any sort of office user. An enormous basement creates useable space or storage. The building enjoys many wonderful views. Located in a convenient location between Old Louisville and Downtown, the property is very high profile with excellent exposure. Users will enjoy the access to Downtown with the charm and uniqueness of the surrounding area. On site parking is a unique feature for a building in this sort of location. Perfect for a plethora of users, including regular office users, non-profits, educational or other users. It could even be utilized for residential purposes (including affordable housing). The building is great for an owner-user that can occupy a portion of the building and easily lease out remaining floors. The bank/owner has made significant investment to repair several deferred maintenance items. Attractive owner financing options available for qualified buyers. Building price details: $749,900.

Property Details

  • Type: Commercial (Other)
  • Status: Available
  • Buildings: 1

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