Kingston Retail Property For
For Sale
$599,900
650 Ulster Ave, Kingston, NY 12401
High-visibility Ulster Avenue location with long-term tenant in place.
Property Size4,400 SF
Price / SF$136.34
Days on Market253
Property Features for 650 Ulster Ave
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Retail
Listing Agency:
SVN | Deegan-Collins Commercial Realty
(845) 339-9100
Listed By:
Joseph Deegan, CCIM · License #NY #10491205235
Source:
Svn
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 1 at 4:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Deegan-Collins Commercial Realty
Investment Insights
Based on property information with market context.
Located on the high-traffic Ulster Avenue corridor in Kingston, the property at 650 Ulster Avenue offers 4,400 square feet of commercial space. The property is zoned Commercial 1, making it suitable for retail and vehicle-related businesses. A tenant has been in place for over 20 years, and a new 5-year lease renewal is effective November 1, 2025. The location provides convenient access to major roadways, including 9W, the NYS Thruway, and the Kingston-Rhinecliff Bridge. Ample parking is available for customers and employees. The surrounding area includes complementary services and retailers, particularly auto-related businesses, creating a dynamic environment.
Key Highlights
- Turnkey investment with a long‑term tenant (20+ years) already in place
- New 5‑year lease renewal effective 11.1.25
- Strategic location on high‑traffic, high‑visibility Ulster Ave. corridor
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.2k | $18.00 |
| − Vacancy | −$4.4k | −$0.99 |
| EGI | $74.8k | $17.01 |
| − OpEx | −$22.5k | −$5.10 |
| NOI | $52.4k | $11.91 |
4,400 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$748.4K
$654.9K – $873.2K
NOI $52,391 @ 7.0% cap · market cap 8.73%
Second Best
Industrial
$369.1K
$322.9K – $430.6K
NOI $25,835 @ 7.0% cap · market cap 4.31%
Theoretical Best
Multifamily LT 5
$41.15M
$36.00M – $48.01M
NOI $2,880,343 @ 7.0% cap · market cap 480.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
91k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Shops & Services 49%
Home Improvements & Furnishings 1%
McDonald's
Dining
26,435 visits/mo
0.1 miles
QuickChek
Shops & Services
22,273 visits/mo
0.2 miles
Dunkin' Donuts
Dining
12,142 visits/mo
0.1 miles
Hoffman Car Wash
Shops & Services
7,138 visits/mo
0.4 miles
KFC
Dining
7,089 visits/mo
0.5 miles
Demographics for 12401, NY
35,493
Population
16,914
Households
2.1
Avg Household Size
42
Median Age
32%
College-Educated
89%
High-School Grad
58.9 sq mi
ZIP Area
603
Density / Sq Mi
$67,426
Median Household Income
$42,503
Median Earnings
$1,300
Median Rent
$285,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility Ulster Avenue location with long-term tenant in place.
Where is this retail space located?
The property is located at 650 Ulster Ave Kingston, NY.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Turnkey investment with a long‑term tenant (20+ years) already in place; New 5‑year lease renewal effective 11.1.25; Strategic location on high‑traffic, high‑visibility Ulster Ave. corridor
