[Unregistered]

i don't know how this price compares to other commercial properties in the immediate area, but i would NOT want to own that building. since it is commercial, you are basically buying the ability to charge someone else rent. but, with this house, you have all the funky historical stuff to deal with, making upkeep costs much higher, and also more limiting in what you can do with the building. its the location of the building rather than its historical character that brings in patrons. furthermore, at this point, most of its original character has vanished as it has been constantly renovated under heavy use. i have to assume a similar train of thought is going through the mind of any buyer...i'd much rather have a sturdy concrete box like the renovated domas building...which can be economically adapted to new needs without all the historical fuss.

to be blunt, nice victorians really aren't that rare on the west coast, and this one isn't even that nice after decades of heavy public use. were i to buy it, i'd want to pull it down and exploit all the wasted and rentable square footage taken up by the lawn. i mean, why does a commercial property need a lawn? its not a park, its not like i can take my kids there for a picnic when palacio is closed...its just wasted real estate once it gets zoned commercial

[Unregistered]

It sounds as though the previous unregistered comment may have been made by someone on the town council... Especially the remark about the lawn. Who needs esthetics if it doesn't generate revenue?

[madhaus]

This was such an interesting find that I had to give it the Burbed treatment. Thanks for letting me use your article!