631 S 3rd St
Louisville, KY 40202 Fourth Street

632 South 3rd Street presents a rare opportunity to customize your space at an affordable rate. The available 5,972 SF is currently in shell condition, giving a tenant full flexibility to specify interior layout, finishes, and functional adjacencies. The landlord will allocate tenant improvement dollars, minimizing tenant capex and accelerating move-in, all while allowing the tenant to customize their space at an affordable rate.

Why this opportunity stands out:

Landlord strength: deeply capitalized ownership prepared to invest in your space to make your move in easy and affordable.

Competitive economics:  base rent positioned well below comparable downtown and near-downtown offerings.

Functional value: first-floor footprint and garage parking support medical uses expecting patient turnover, professional offices needing staff parking, or retail concepts seeking customer convenience.

Flexible layout: full design control allows for exam rooms, private offices, reception/waiting areas, consultation rooms, open-plan workspaces, or retail sales floor configurations.

Please contact Broker to schedule a tour.

• Date available: Now
• Lease term: Negotiable
• Service type: Modified Gross
• Space Type: Relet

TENANT BROKER BONUS: Landlord offering an additional $2/SF paid at lease signing for any leases executed before the end of 2025. Call broker for more details. 

This is a rare, affordable downtown Louisville opportunity with a former medical office build-out that’s ideal for medical practices, professional offices, or retail. It sits inside a mixed-use development with ground floor commercial space, 209 apartments, delivering built-in customer and employee demand, and includes attached garage parking. The landlord is offering a tenant improvement allowance and will work with the tenant on scope, contractor introductions, and permitting to ensure a fast, cost-efficient conversion.

SPACE HIGHLIGHTS: 
- Highly affordable lease rate designed to attract cost-conscious tenants.
- Generous tenant improvement allowance from well capitalized landlord to cover meaningful build-out costs and customization.
- Flexible use: suited for medical/veterinary, traditional office, or retail with ground floor visibility and customer convenience.
- Attached garage parking for staff and customers.
- Built-in customer base: direct access to 209 on-site apartments and pedestrian traffic from the mixed-use development.
- Fast conversion potential because of existing medical infrastructure and landlord coordination on TI.

• Date available: Now
• Lease term: Negotiable
• Service type: Modified Gross
• Space Type: Relet

Rare opportunity in a mixed-use development: a former medical suite with a spacious waiting room, 12 exam rooms, 5 private offices, two restrooms, storage, and attached garage parking. Competitive lease rate plus a landlord tenant improvement allowance makes this an affordable, customizable solution for medical providers, professional offices, or retail operators. Space can be subdivided into a footprint that makes sense for your business.

- Highly affordable lease rate designed to attract cost-conscious tenants.
- Generous tenant improvement allowance from the landlord to cover meaningful build-out costs and customization.
- Turnkey medical-ready layout with 12 exam rooms, reception/waiting area, 5 offices, storage, and 2 restrooms.
- Flexible use: suited for medical practice, traditional office, or retail with visibility and customer convenience.
- Attached garage parking for staff and customers.
- Built-in customer base: direct access to 209 on-site apartments and pedestrian traffic from the mixed-use development.
- Fast conversion potential because of existing medical infrastructure and landlord coordination on TI.

BROKER BONUS: Landlord offering an additional $2/sf bonus paid at lease signing for any leases completed by the end of 2025. Call broker for more details.

• Date available: Now
• Lease term: Negotiable
• Service type: Modified Gross
• Space Type: Relet