The Heights real estate boom continues apace.
The next hot property to hit the market in the Heights is nearly 1 acre in size, boasts a large shade tree and fronts two busy commercial streets. The current owner is motivated to sell.
On Monday, the U.S. Postal Service confirmed that it intends to sell the brown-brick post office property at 1050 Yale, at 11th Street, and consolidate operations with another station 2.3 miles away.
“Plans are underway to relocate the retail services of the Heights Finance Station to the T.W. House Postal Station,” the service said Monday in a brief statement. “The Heights Finance Station has been placed on the real estate market and will be sold in the near future.”
In a public notice date-marked Friday and posted prominently near the front door of the Heights Finance Station, the agency says the parcel has been determined “excess” and is “no longer necessary” to its mission. If the “disposal action” goes through, the Heights property would join more than 100 other relocation projects announced nationwide as the Postal Service has had to cope with declining revenue in recent years.
Developers will be eager to pounce, said Bill Baldwin of Heights-area real estate firm Boulevard Realty. He said several commercial developments have recently been completed in that area, and more are under construction or on the books.
“The retail people will be vying for it left and right,” said Baldwin, who is also on the Woodland Heights Civic Association board. “That is too valuable of a corner and too much quantity of land. It’s a very desirable location.”
Swamplot first reported this. I should note that the former Citgo station across the street on Yale is set to become a restaurant, and there’s a commercial development going on across Heights at 11th as well, so this immediate area is about to become something very different. I’m not thrilled by losing this post office – I still pay a few bills the old-fashioned way, and we send out homemade-by-the-girls birthday cards to various friends and family, all of which it is most convenient for me to drop in the drive-by mailboxes at this station – but it is what it is. I hope we at least get something interesting out of the sale and transformation of this property, and not another CVS or fast food-oriented strip center.