Yes, the U.S. Postal Service is serious about unloading some of its excess real estate and now has the website to prove it. Launched two weeks ago, uspspropertiesforsale.com lists 90 commercial properties and some three dozen land parcels.
Better hurry: some of these babies are already in contract, the site indicates. Still available, however, are a 10,200 square-foot post office building in Fairfield, Ct. for $4.425 million, a historic 1904 structure in Yankton, S.D. for $395,000 and a 17-story Art Deco “special purpose” facility in St. Paul, Minn. (no price given). Not clear whether any of these would be considered fixer-uppers. The Postal Service’s agent is CB Richard Ellis.
The properties up for sale represent a tiny fraction of the Postal Service’s total holdings. But more could be coming on the market if the cash-hungry mail carrier succeeds in shuttering several thousand post offices and a couple of hundred mail processing plants. Sorry, but you’ll have to come up with financing on your own; all sales “require cash at closing,” the site says.