$ 795,000
584 Broadway Kingston, NY 12401
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 795,000
Est. payment /mo
Active
584 Broadway Kingston, NY 12401
UPDATED:
09/03/2024 03:25 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID H6324192
Originating Board onekey
Rental Info No
Year Built 1924
Property Description
Opportunity awaits! Solid Midtown building sits in the heart of Kingston, on one of the busiest intersections with high traffic and great visibility. The building offers a spacious retail space with a fully equipped kitchen, seating area, and restrooms on the first floor (with a current occupancy of 50 occupants. The commercial restaurant/retail space is currently vacant and being delivered just about Turn-Key for a new Restaurant/Deli/Catering etc. There is a commercial hood, range, cook-top, and a walk-in cooler and walk-in freezer in the kitchen. The Kitchen/Retail ratio is about 1/3 Kitchen and 2/3 retail with one-half bath for the retail although there is another room used for storage that could be another half bath. The building has a full basement with great storage space for a restaurant/deli/ retail tenant. The second floor has two generously sized two-bedroom, and one-bath apartments, currently occupied and rented to long-term tenants (month-to-month). Both units have newer electric hot water heaters, natural gas forced air heat, central air, and two electric services. Rubber roof is approx. 7 years old. The owner pays for water (there is a water meter for the restaurant and another meter for the apartments), and all tenants pay for their heat, hot water, and electricity. The property has municipal sewer, water, and natural gas with parking for 2-3 cars on-site, and then municipal public parking behind the building. See associated docs for county records/ permitted uses and income and expense sheet. Both apartments are rented well below market, the income and expense sheet offers current rental income and then projected market rental income.
Location
State NY
County Ulster
Zoning T5MS
Interior
Heating Natural Gas, Forced Air
Cooling Central Air
Fireplace No
Building
Sewer Sewer
Water Public
Structure Type Frame
Schools
School District Kingston
Others
Special Listing Condition None
Listed by Berardi Realty • 845-2011111