Old building with a pretty small floor plate and limited space for modern amenities/utilities that tenants demand.

Any renovations or uses need to preserve it historically.

I think that price is kinda high. Going to be hard to recoup that money unless people pay to look at it from the street.

Even in a hot market it would be tough to find commercial tenants who want to be there. Today? Nobody would pay what would be needed just to cover day to day operations.