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Listed by: Compass Greater NY, LLC

$1,100,000

Est. payment - /mo

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3 Baths

2,500 SqFt

New

346 Broadway Kingston, NY 12401

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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

Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)

Year Built 1940

Annual Tax Amount $10,350

Tax Year 10350

Lot Size 3,049 Sqft

Acres 0.07

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

Others

Tax ID 56.26-11-9

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Jonathan Greene

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