Overview
This exceptional 26-acre property, located at 701 Boices Ln, Kingston, NY, presents a remarkable investment opportunity. Situated adjacent to the former IBM site and conveniently close to I-87, this land enjoys a highly desirable location within a bustling commercial corridor. The property boasts very flexible OM zoning, permitting a wide array of uses including multi-family residential, hospital, educational facilities, hotels, kennels, office/medical buildings, manufacturing plants, heavy industrial operations, junk yards, recycling centers, and self-storage facilities, among many others. Municipal water, sewer, and electrical services are readily available. The zoning allows for one dwelling unit per 10,000 square feet, along with a 2,500 square foot recreation area, opening doors to substantial development potential. Imagine a large warehouse/distribution center or a significant multi-family development thriving on this expansive site. Currently, the property includes six rental properties, barns, and storage buildings, providing immediate income potential. Enjoy the privacy of a cul-de-sac location, bordering the scenic Esopus Creek, and benefit from easy access to major highways, including I-87 and Route 9W. The existing structures feature asphalt shingle roofing and include carbon monoxide and smoke detectors. The above-grade square footage is 5672. This is a rare opportunity to acquire a large parcel of land with exceptional versatility in a prime Kingston location. Priced at $3,200,000.
