Historical gem in the heart of downtown Palakta. If you have wanted to own a piece of history and bring something back to it's former glory but just couldn't find the right project now may be the perfect opportunity. The downtown area is on the verge of great things with lots of new businesses coming soon. In need of major renovation. Zoned DOWNTOWN BUSINESS, at least 50% must be used for commercial and the rest can be residential such as apartments upstairs, some uses will require special use permit or rezoning. Cash Buyers Only. Sold As Is. By appointment only. NO SIGHT UNSEEN OFFERS.