1620 Arthur St, Louisville, KY 40208 For Sale

The offering consists of approximately 2.7016 total acres encompassing the former hotel property located at 1620 Arthur Street (2.4458 acres) together with the adjacent parcel at 320 E. Gaulbert Avenue (0.2558 acres). The property is currently operated as the Arthur Street Hotel, a transitional housing facility, and was historically developed and utilized as a hospitality asset operating under various hotel flags including Days Inn and Clarion. Strategically positioned immediately off Interstate 65 and minutes from the University of Louisville, Downtown Louisville, Churchill Downs, the Kentucky Exposition Center, the Central Business District, and Louisville Muhammad Ali International Airport, this highly visible site offers exceptional access and redevelopment potential. Located within Louisville Metro's EZ-1 Enterprise Zone, the property benefits from flexible zoning that accommodates a broad range of commercial, hospitality, office, residential, mixed-use, and adaptive reuse possibilities, making it attractive for investors, developers, institutional users, and owner-operators. EZ-1 zoning is intended to encourage economic development and supports numerous commercial and employment-generating uses.