Keswick's best-known building is set to be handed over to a charity in the coming months.
Allerdale council is in the process of selling the Grade II-listed Moot Hall in Market Square to the town's Battersby Hall Charity.
It is set to sell for more than £200,000 in a deal that will save the council around £8,700 a year in running costs.
The Lake District National Park Authority's lease on the building, which houses the town's tourist information centre, is unaffected.
Repairs are being carried out to the hall's roof and tower.
Town and borough councillor Tony Lywood, who represents the town council on the charity, said it was expected the sale would be completed in two or three months.
The Battersby Hall Charity has been looking for a hall in the town for three years. It sold the Battersby Hall in Church Street in 2012.
It first tabled its bid to take over the Moot Hall last year.
The three-storey Moot Hall, which features on many postcards of Keswick, has a distinctive slate roof and walls made of local stone. Its clock tower dates back to 1813.
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