A landmark building in downtown York has been sold.
And it’s a sale “that’s going to mean some really amazing things” for the 100 block of East Market Street, where the building is located, said the seller, local travel-agency and travel-coach executive John Bailey.
Bailey, the second-generation owner of his family travel firm, announced he has sold the historic three-floor building at 123-127 E. Market St. to a team made up of principals from York’s Royal Square Development and officials with Insurance Services United Inc. of York.
The sale price was $399,000, one of the buyers said.
A long-established York business, Insurance Services United will be the main tenant on the first floor of the building, which will undergo extensive renovations starting in early 2016.
The structure also has seven apartments and a 30-car parking lot, and the new owners are allowing the apartment tenants to remain, Bailey said.
Bailey said he wants to drop his landlord duties so he can spend more time with his wife, Jane, and his family and also concentrate on his travel and motor coach businesses.
“It was very heartfelt,” Bailey said Tuesday of his decision to sell the building. “I’ve personally been going to that building since the early 1960s, so this wasn’t a move we made lightly.”
The building will undergo a major renovation starting early in the new year, and the new buyers “will really take it back to the way it was at the turn of the century and really do something phenomenal with it,” Bailey said.
“This is really going to be a major move for that block,” Bailey said.
The owners and principals of Insurance Services United, Judd Lando and Tad Shirey, also are excited about the move, which it expects to complete by the end of summer 2016. Their business is currently at 224 N. George St.
“We wanted to stay downtown, and this will allow us to remain an even greater part of things,” Lando said.
The firm, which specializes in business, home and auto insurance, has 10 employees. While it has no immediate plans to add personnel, its new East Market Street location does allow for possible future growth, Lando said.
Royal Square Vice President Dylan Bauer called the move “very exciting” for downtown York. Work on the East Market Street building will include restoration of the façade and first-floor renovations, he said.
Bailey called the Royal Square developers and Insurance Services United “just a great anchor for downtown York. I didn’t want to sell the building to anyone who wasn’t.”
The Bailey family travel agency has been a York institution for years.
John Bailey’s uncle, Glen Bailey, was teaching history and aviation at York High when he unofficially started the travel business with a trip to the 1933 Chicago World’s Fair.
Glen and John’s father, Fred, officially founded the business in 1949, when Fred Bailey returned home from the service after World War II.
Their first travel office was at 141 E. Market St. They moved to the 123 E. Market St. building in 1953. The business expanded at the location twice, eventually incorporating the entire first floor of 123, 125 and 127 E. Market St.
Bailey Travel Service of York merged with Lancaster’s Travel Time Travel in 2010, and in 2014 the merged company bought York-based Travel Leaders Travel. It is now known as Travel Time Travel, and John Bailey and Shaun Balani are the agency’s co-owners.
Travel Time Travel left the East Market Street office a year ago and is now based at 2474 N. George St. in Manchester Township.
Meanwhile, Bailey also serves as president of Bailey Coach, which he began with two motor coaches in 1998. Today it has 23 vehicles transporting people throughout the U.S. and Canada.
Early in 2015, Bailey Coach expanded its operations to a 16,000-square-foot office and maintenance facility at 55 S. Fayette St., York.
The Bailey family of companies has grown to 85 employees.
Family involvement continues to the third generation, John Bailey said, with his daughter Courtney and daughter-in-law Ashley working for the businesses.
Bailey said he sold the property through York’s ROCK Realty.