584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
584 Broadway
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$795,000

584 Broadway

3,876 Sq.Ft.

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.

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Location

584 Broadway, Kingston, NY 12401

Status

For Sale

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Megan Rios

Megan Rios

TITLE

Licensed Real Estate Salesperson

LICENSE

10401351293

Property Amenities

Interior
Flooring Ceramic Tile, Laminate, Other
Area & Lot
Lot Area 2,613.6 Sq.Ft.
Living area 3,876 Sq.Ft.
MLS® ID 20243425
Year Built 1924
Type Commercial
Status For Sale
Exterior
Air conditioning Ceiling Fan(s), Central Air
Heat type Forced Air, Natural Gas
Water Source Public
Security Features Carbon Monoxide Detector(s), Fire Alarm, Smoke Detector(s)
Sewer Public Sewer
Lot Features City Lot, Corner Lot
Roof Rubber
Finance
Sales Price $795,000
Real Estate Tax $12,080 yearly
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Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Thank you for your interest in 584 Broadway, Kingston, NY 12401. We are reviewing your request and will be in touch shortly!

Ulster County

Work with Megan

Megan is here to assist you through every step of the process and takes pride in being an expert in the field. I eagerly anticipate the opportunity to collaborate with you and facilitate the sale of one of your most significant assets. Contact me today!