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Commercial mixed use brick building corner lot centrally located in the upcoming Mid-Town Kingston with 4 fully occupied units above to supplement income. Recent renovations include 3 phase electric, newer 3 and 7 ton AC compressor unit and new hot water heater. Restaurant has plenty of space and seating, newer renovated bar, two large walk-in coolers, and full kitchen. Units above are fully occupied and currently month to month leases and pay electric. Heat and hot water are included. Restaurant may lend itself to multiple uses while leasing out for 2000+/month. The units above include: 2 BR-900, 1 BR- 750, 1 BR-700 1 BR-700. This building is situated in the heart of Mid-Town Kingston with growing popularity and interest while being less than 1/4 mile from UPAC and less than 1 Mile from the NYS Thruway, I-587, RT 28, and RT 209 as well as being in close proximity to the trending Uptown Kingston. AADT (Annual average daily traffic) approximately 21,483 (2015). 3% Reserves for replacements and 5% vacancy loss credit included in financials. Cap Rate is 8.8% @ Asking Price.

More Info

Basic Information

  • Acreage0.07
  • Lfd ConditionGOOD
  • Lfd WaterMUNICIPAL
  • List Price$349,900
  • MLS Number20180887
  • Property TypeMixed Use
  • SewerMUNICIPAL
  • Square Feet5,576
  • TermsCASH PREFERRED, TO QUAL. BUYER
  • Units5
  • Year Built1920

Other

  • Commercial FeaturesHANDICAP ACCESS, KITCHEN FACILITES, PRIVATE RESTROOMS
  • ElectricityTHREE PHASE, 200 AMPS
  • Lot20
  • Lot Dimensions42x75
  • Lot FeaturesCORNER LOT
  • Lot SiteCITY
  • Sales IncludeBLDG, FIXTURE, EQUIPMENT NEGOTIABLE
  • Short SaleNo
  • StatusACT
  • Tennant PaysELECTRIC
  • View Count9

Location

  • Address666 Broadway
  • Area TownKINGSTON, CITY
  • Building Number666
  • High School DistrictKINGSTONCONSOLD
  • StateNY
  • StreetBroadway
  • TownKingston
  • Zip12401
  • ZoneC-2

Utilities

  • Cooling Air ConditioningCENTRAL
  • Heat SourceFORCED AIR, RADIANT
  • Heating FuelELECTRIC, NATURAL GAS
  • Hot WaterGAS

Building

  • BasementFULL
  • ConstructionMASONRY

Property

  • Current Business Type
    • APARTMENT INCLUDED
    • BAKERY
    • BAR/TAVERN
    • BEER & WINE
    • CAFE/DINER
    • GENERAL RETAIL
  • Current Business Type CntRESTAURANT, RESTAURANT W/BAR

Interior

  • FloorsCARPET, CERAMIC, MIXED
  • Other RoomsUTILITY ROOM

Kingston, NY Demographics

There is no data available

Kingston, NY Real Estate Market Data

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Kingston, NY Schools

School NameDistanceTypeGrades
Listed by Gene Rios, Gene Rios Realty LLC

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