KINGSTON,CITY NY - ID: 20180147
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  • Price: $1,195,000
  • Sq. Feet: 10,509
  • Acreage: 0.22
  • Year Built: 1900
  • School District: KINGSTONCONSOLD
  • CONTACT
    Grist Mill Real Estate
    (800) 664-5503
    gristmill@gristmillrealestate.com
Property Type: Mixed Use

Description: Excellent investment opportunity! Superior construction as this was a bank for years and has multiple vaults. General commercial 6, 500 sq ft +/- plus an additional 4, 000 sq ft usable basement space with vault & 10ft ceilings. Excellent location across from YMCA & next to Barcones Music Store. Parking lot for 10 cars, 3 separate rentable spaces-mint condition, elevator also in mint condition! Floors can be broken into smaller rentable spaces, lots of flexibility with floor plan. Owner willing to lease back or relocate, lease back terms to be negotiated, or $3, 000 monthly triple net lease = 7% cap rate. 2, 000 sq ft +/- rentable space available on street level & 4, 000 +/- storage square footage with elevator and stairway access to parking lot. Owner willing to hold mortgage with terms.
Pro-forma in associated docs


FEATURES:
WATER: 94.10
ZONE: C2
LOT DIMENSIONS: 64x150
CONDITION: Excellent
LOT FEATURES: Level
LOT/SITE: City
ROAD FRONTAGE: City Street

Listing courtesy of: Murphy Realty Group, Murphy Realty Group / Listing Agents: Mary Orapello, John Murphy
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