Historic Madrid Building is now for sale

Historic Madrid Building is now for sale

A well-known and historic office building in downtown Louisville is on the market for a buyer with deep pockets.

The Madrid Building, at 545 S. Third St. in the city’s Central Business District, has been put up for sale, according to a Kentucky Commercial Real Estate Alliance listing. JLL Louisville, the real estate group behind the sale, listed the selling price for the more than 56,000-square-foot space at $10 million.

The three-story Madrid Building, directly across the street from the Louisville Water Company’s headquarters, includes a 220-space parking garage that will be included in the sale and is just a couple of blocks from notable downtown locations like Fourth Street Live and the Omni Louisville Hotel. It was last purchased in 2007 by Interlock Realty Co. for just over $2.5 million, according to Jefferson County Property Valuation Administration records.

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