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Kingston,NY 12401
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $440
MLS Listing ID 20251357
Year Built 1940
Annual Tax Amount $10,350
Tax Year 10350
Lot Size 3,049 Sqft
Property Sub-Type Mixed Use
Property Description
This fully turn-key mixed-used building features no less than 3 proven income-producing opportunities: a soaring and light-filled ground-floor restaurant or retail space, operated as one of the Hudson Valley's hottest culinary destinations, complete with newly added outdoor seating; plus two sleek and newly revamped apartments above, all with their own entrances. Less than three minutes by foot from three of Ulster County's largest employers -- Kingston Hospital, Kingston High School and Kingston City Hall -- and a short jaunt to the hip Rondout waterfront, the building features a complete renovation of all three levels, with new bathrooms on all three floors, kitchens and crisp and stylish finishes all in place. The sunny second-level one-bedroom apartment features an open living area and kitchen, separate bedroom and laundry; and the loft-like third-floor studio features a luxury bathroom, skylights and built-in storage. Each apartment is separately metered so that tenants can pay their own utilities. The entire building features state-of-the-art high-efficiency electric heating and cooling, new insulation, new wiring, electronic door locks and select replacement windows, plus refurbished roof eaves. Located at the heart of major employment and foot traffic, and poised as the gateway to the Rondout, this building is the perfect move-in-ready live-work or investment opportunity. Sonder, a tapas-themed food and wine destination already operating for more than four years, enjoys strong financials, a loyal customer base, and generous room for income growth as a new covered outdoor dining area with 50-plus seats, bar and a custom pizza oven is now ready for summer 2025. The new space is part of more than 2 million USD in expansion investment that is taking place on this high-traffic block of adjoining culinary destinations, including a craft-beer brewery, gourmet grocery store and popular bagel eatery.
Location
State NY
County Ulster
Area Kingston,City
Zoning COM1
Interior
Heating Ductless
Cooling Ductless,Electric,Separate Meters
Flooring Hardwood
Exterior
Exterior Feature Outdoor Grill,Private Entrance,Smart Lock(s)
Fence Fenced
Roof Type Asphalt,Shingle
Building
Sewer Public Sewer
Water Public