Historic Old Louisville Office Building Set for Online Auction

Historic Old Louisville Office Building Set for Online Auction

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A historic office building in Old Louisville is heading to an online auction this month after Goodwill Kentucky outgrew its long-time headquarters, Spectrum News reported.

The two-story property on South Fourth Street has served as the primary operational hub for Goodwill Kentucky for more than two decades. Now, the nonprofit is liquidating the site as surplus property, according to Tranzon Asset Advisors, the firm handling the sale.

The building offers more than 17,000 square feet of functional space. It includes private offices, conference areas, break rooms, restrooms, a finished basement, and 37 on-site parking spaces. Major infrastructure updates, including a new roof and an HVAC system, were completed in 2019.

Tranzon Asset Advisors will manage the bidding process through an online platform. The auction is scheduled to open at 9 a.m. on Monday, Nov. 16, and will close at 3 p.m. on Nov. 18.

While the property has previously been brokered commercially for a price approaching $2 million, that figure does not serve as a formal reserve. Edward Durnil, president and CEO of Tranzon Asset Advisors, noted that the nonprofit board retains the right to accept or reject the final bid.

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“It’s surplus. They did not need it and they don’t have a use for it,” Durnil said.

Durnil added that the organization is highly motivated to see the property sold in a timely fashion.

The building’s history reflects a variety of professional and community uses. Since the 1960s, the space has primarily housed professional offices, though it has also hosted other services, such as a Goodwill-operated daycare.

Prospective buyers have expressed interest from outside the state. Durnil indicated that inquiries have come from architectural firms, attorney groups, and other professional corporate offices.

Beyond traditional office space, the building could undergo a transition into multi-tenant use or residential housing. While Durnil noted that converting the structure to housing would require engineering, he suggested it remains a distinct possibility.

This potential shift toward residential use aligns with broader trends in Kentucky. Data from the Kentucky Housing Corporation indicates that all 120 Kentucky counties are currently facing a housing gap.

“It is needed desperately across Kentucky. Affordable and just simply market-rate housing is woefully lacking,” Durnil said.

The sale represents a crossroads for a building with deep roots in the Old Louisville community, sitting in an area described by Durnil as vibrant and rich in history.

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