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Real Estate

You’ve got mail—lots of it—if you buy this post office

Sending packages would never be easier. But can snail mail turn a profit?

less than 3 min read

If you’re nostalgic for the golden age of handwritten letters, scrounging for stamps, and inching forward in line, a property for sale near San Jose, CA, can deliver that snail-mail nostalgia in a cute little package. Priced at $1,299,000, this half-acre lot with an 1,100-square-foot operating post office is rented by the United States Postal Service for $2,750 per month. Here’s more about this adorable investment from listing agent Therese Swan.

Q: What did you think of this listing when you got it? “I’d never thought about it before, who actually owned the land this post office is on. I just assumed that USPS owned it. I was surprised to hear it’s rented, staffed from 12 to 4pm.”

Q: What’s the town like? “New Almaden is a cute little town on the outskirts of San Jose, about 20 minutes from Silicon Valley. It feels like you’re going back to the 1950s, with a community center, July 4th parade, barbecues, and ice cream socials.”

Q: What interest have you gotten from buyers? “Some want to build a house on the property while earning income from the post office, although that may not be possible while the post office is operating. The lease ends in June. The county also contacted me since it owns the property next to it, the Almaden Quicksilver Mining Museum.”

Q: How do you think this stacks up as an investment? “There are other commercial uses if you don’t want the post office, like storage units. But I think the best fit is keeping it a post office. It would be weird to have an office building in the middle of this sleepy community. I just can’t think of any reason somebody would change it. I think you could cause an uproar if you did.”

Take a look at the listing for more info and photos.

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Let’s Make a Game Plan

Boost your investment game with expert real estate insights. We'll keep you up to date on everything you need to know to be the smartest real estate investor you can be.