11 Main St Kingston, NY 12401-3949

This exceptional mixed-use property, located at 11 Main St in Kingston, NY (12401), presents a compelling investment opportunity. The three-story, 6,000 square foot building boasts a blend of residential and commercial space. The commercial component includes a restaurant operating under a modified lease with 20 years remaining. The residential units consist of one three-bedroom apartment and three one-bedroom apartments, all currently leased on a month-to-month basis. All utilities are included in the rent, offering significant operational efficiency. The building is zoned C-2, allowing for a variety of uses. The current below-market rents provide immediate upside potential for increased profitability. With five units total and a strong cap rate of 5.67% at the asking price of $1,450,000, this property offers a solid return on investment. This is a rare chance to acquire a well-situated, income-generating asset in the vibrant Uptown Kingston area. The building's strong cash flow and long-term lease make it an attractive option for discerning investors seeking a stable and appreciating asset. This is a turnkey opportunity to own a piece of Uptown Kingston's thriving commercial landscape.