Purchase Property From Metro

Louisville Metro Government, together with the Landbank Authority and the Urban Renewal Commission, have ownership of approximately 500 structures and lots that are available for redevelopment. 
 
If a vacant property or lot is not included in the list of Metro-owned properties, the property is privately owned and Louisville Metro is unable to force a change in ownership.  In some instances, where the property has significant Code Enforcement liens placed on it, Louisville Metro may facilitate acquisition by initiating a foreclosure action.
 
The Vacant and Abandoned Property (VAP) Response Team provides a wide variety of services, including the sale of property belonging to Louisville Metro Government, the Landbank Authority and the Urban Renewal Commission.
 
Selling property to be placed back into productive use is our highest priority.  If you are interested in buying property from one of the entities listed above, we can assist you. The process is relatively simple and we are here to work with you every step of the way. Want to know more about the process?  Please click the links below for more information.
 
The Vacant and Abandoned Property (VAP) Response Team provides a wide variety of services, including the sale of property belonging to Louisville Metro Government, the Landbank Authority and the Urban Renewal Commission.
 
Selling property to be placed back into productive use is our highest priority.  If you are interested in buying property from one of the entities listed above, we can assist you.  The process is relatively simple and we are here to work with you every step of the way.  Want to know more about the process?  Please click the links below for more information.
 
Process Maps
 
What Properties Are Available?
Property seen on this webpage is managed by the VAP Response Team which acquires, maintains and sells numerous types of vacant properties.  The list of available properties can be downloaded at the links below. This list is updated once per month. 

Landbank Launches January 2017 Request for Proposals!

 
RFP For Buildings: Structures includces in this RFP are located at 3301 Greenwood Avenue, 3932 Elliott Avenue, 134 N43rd Street, and 2928 Virginia Avenue. Click here for guidelines on how to submit a proposal. Proposals are due by January 24, 2017. Click here for the open house schedule. 
 
RFP for Land: The Landbank has launched RFP for the redevelopment of a vacant lotat 1133 S 2nd Street! Click here for guidelines on how to submit a proposal. Proposals are due by March 6, 2017.
 
  Map IconInteractive map of the RFP structures (This map link is only available when an RFP is active.)

Vacant Lots Sales Inventory List (updated February 6, 2017)

Applications for the purchase of vacant lots are due by the 7th of each month in order to be heard at the following month's board meeting. For example, applications received and approved by September 7th would be heard at the October board meeting. 
Click here for a pdf file
Click here for the excel file
Please visit OpportunitySpace - Louisville, KY for a map
 
Getting a Closer Look
To enter a boarded or secured property, please refer to the Open House Schedule for the current Request For Proposals.  If you see a property you would like to purchase from the sales inventory, you must submit an offer to purchase using our Application to Purchase Property. To view a vacant lot, the following Release Waiver must be signed and submitted to the VAP Staff prior to the viewing.
 
What Will It Cost to Purchase Property?
The VAP Response Team has adopted a pricing policy to assist in purchasing properties from the sales inventory.  There are three categories designated to classify types of property uses and the associated asking prices ranging from $1.00 to the tax assessed value of the land.  Please feel free to download a copy of our price policy to assist in submitting an application to purchase property.  Asking prices are also included in the sales inventory list. Click here for the pricing policy.
 
Making an Offer to Purchase Property
In order to make a formal purchase offer or to request an option to purchase a property from the sales inventory, you must complete and submit our application. The Application to Purchase Property is available for online submission here.  You can also download and submit a paper copy of the application and supporting documents by fax, email, or hand-delivery to the contact address listed above. To ensure timely review, all required documentation must be submitted along with the application.  
 
If your offer is accepted, staff members will call you and work with you throughout the closing process. If you would like more information on buying a property, please contact us at 502-574-4016 with any questions you may have.