The property on Princes Street has been granted planning permission for conversion into a spacious family home or up to seven high-quality apartments.
Marketed by JH Homes, the estate agent describes the property as an “impressive” and versatile building, offering a unique opportunity for developers and investors.
Currently classified as a commercial property, it can also be used as business premises or office space.
This would be ideal for those seeking a distinctive and central base in the thriving market town.
The property is set within a generous plot, which includes extensive outside space.
This offers potential for private gardens and off-road parking, a valuable asset in town-centre locations.
The property is just a walk from Ulverston train station, bus routes, schools, shops, restaurants, and a wide range of other local amenities.
Excellent transport links via the A590 provide easy access to Barrow-in-Furness and the Lake District National Park.
The estate agent said: “This is a unique opportunity to secure a property with enormous character, versatility, and potential, whether for residential development, commercial use, or a blend of both.”
They added that the property has been reduced in price for a quick sale.
The property is spread over three floors.
On the ground floor, there is a vestibule, an entrance hall, three offices, a meeting room, a kitchenette, and two restrooms.
The first floor comprises six offices, a restroom, and an inner hall with stairs leading to the second floor.
The second floor houses two further offices, with a few additional steps leading to three more offices.
JH Homes is conducting all viewings and has encouraged interested parties to contact them for full planning details and architectural drawings.