Description
One of Lancaster's most Iconic buildings. The Historic Old Post Office building is a 77,135 sq ft landmark, situated on 1.48 acres in Downtown Lancaster. This Indiana Limestone masterpiece was built by the US post office in the roaring twenties by supervising architect James A. Wetmore. Of the 62,135 SF leasable space, 25,230 SF are currently leased to 4 solid tenants including the US postal service. The remaining 36,905 SF could be leased to 1 or multiple tenants. Projected 8.5% CAP. Over 70 parking spaces on site plus adjacent parking garage. The property has potential for additional development on the rear parking lot. The property is split into 4 condo units, which are all included in this price.
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0BEDS
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1.48ACRES
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0BATHS
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01/2 BATHS
Description
One of Lancaster's most Iconic buildings. The Historic Old Post Office building is a 77,135 sq ft landmark, situated on 1.48 acres in Downtown Lancaster. This Indiana Limestone masterpiece was built by the US post office in the roaring twenties by supervising architect James A. Wetmore. Of the 62,135 SF leasable space, 25,230 SF are currently leased to 4 solid tenants including the US postal service. The remaining 36,905 SF could be leased to 1 or multiple tenants. Projected 8.5% CAP. Over 70 parking spaces on site plus adjacent parking garage. The property has potential for additional development on the rear parking lot. The property is split into 4 condo units, which are all included in this price.
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