584 Broadway new Save Request In-Person Tour Request Virtual Tour
Kingston,NY 12401
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,876 sqft
Price per Sqft $199
MLS Listing ID 20250771
Originating Board Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Year Built 1924
Annual Tax Amount $12,756
Tax Year 12756
Lot Size 2,613 Sqft
Acres 0.06
Property Sub-Type Mixed Use
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
Area Kingston,City
Zoning T5MS
Rooms
Basement Concrete,Full,Storage Space,Unfinished
Interior
Heating Forced Air,Natural Gas
Cooling Ceiling Fan(s),Central Air
Flooring Ceramic Tile,Laminate,Other
Exterior
Roof Type Rubber
Building
Lot Description City Lot,Corner Lot
Sewer Public Sewer
Water Public
Others
Tax ID 56.25
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional