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Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,472 SF
Building Class
C
Year Built
1942
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,000 SF
Building FAR
0.30
Lot Size
0.19 AC
Zoning
OR2 - Office And Residential District
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
060E01000000
Land Assessment
$44,088 CAD
Improvements Assessment
$240,939 CAD
Total Assessment
$285,027 CAD
  • Listing ID: 41791560

  • Date on Market: 2026-08-18

  • Last Updated:

  • Address: 5701 S 3rd St, Louisville, KY 40214

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