Getting your player ready...
A nearly 20,000-square-foot Louisville office building didn’t even make it to market before an investor scooped it up for $4 million, or $201 per square foot, one of the highest prices paid for a downtown property.
City officials said limited inventory and small-town charm have led to increased demand and higher prices in the historic downtown. The building, at 726 Front St., last sold in 1993 for $700,000, according to property records.
“There’s not a lot of inventory, and when properties are sold, they never really hit the market, because sales occur before they’re actively marketed,” said Jim Tienken, president of Louisville’s Downtown Business Association.
Read more of the article at DailyCamera.com.
