Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    11 Main St Lincoln Park, NY 12401

    Sponsored
    For Sale
    $1,450,000

    Prime Kingston investment: 5-unit building, restaurant.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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.

    Property Features for 11 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    6,000 SF
    Class
    B

    Building Details

    Buildings
    1
    Stories
    3
    Units
    5

    HighLights

    • Exceptional mixed‑use property at 11 Main St, Kingston, NY (12401).
    • Three‑story, 6,000 sq ft building with a mix of residential and commercial space.
    • Includes a restaurant with a 20‑year modified lease and four residential units (one 3‑bedroom, three 1‑bedroom).
    • All units currently leased, utilities included in rent; C‑2 zoning.
    • Below‑market rents offer significant upside potential; 5.67% cap rate at $1,450,000 asking price.
    Property Profile Location Intelligence

    Current Use by Public Records

    City Hotel Hotel Santa Fe Uptown Mexican Restaurant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lincoln Park
    County
    Ulster
    State
    New York
    Longitude
    -74.017040356849
    Latitude
    41.933191203242

    Nearby Comparable

    • $1,050,000
      Pending

      Kingston Multifamily Investment Opportunity

      Eleven-unit multifamily property in uptown Kingston with high rental income.
      21 Main St, Kingston, NY 12401
      View Details
    • $1,650,000
      8,663 SF

      Historic Kingston Building with Income

      Two-story commercial building with long-term tenant and development potential.
      27 Main St, Kingston, NY 12401
      View Details
    • $850,000

      Historic Mixed-Use Kingston Gem

      Circa 1868 building with office space and renovated apartment.
      8 John St, Kingston, NY 12401
      View Details
    • $725,000
      3,222 SF

      Uptown Kingston Office Building

      3,222 SF office building in the Stockade District.
      42 Main St, Kingston, NY 12401
      View Details
    • $725,000
      3,222 SF

      Kingston Mixed-Use Office Building

      Uptown Kingston Office, 3,222 SF, 9 Parking Spots
      42 Main St, Kingston, NY 12401
      View Details
    • $699,000

      Historic Uptown Kingston Retail Opportunity

      Prime retail or investment property in Kingston's Stockade District.
      292 Wall St, Kingston, NY 12401
      View Details
    • $1,200,000
      5,985 SF

      Kingston Retail & Apartments

      Prime Stockade District Location, High Return Potential
      302 Wall St, Kingston, NY 12401
      View Details
    • $200,000

      Established Kingston Cafe Business Opportunity

      Thriving restaurant/cafe business for sale in Uptown Kingston, NY.
      324 Wall St, Kingston, NY 12401
      View Details
    • $315,000
      Pending

      Fire-Damaged Uptown Kingston Multifamily Building

      Fire-damaged 4-family building in Uptown Kingston's Stockade District.
      165 Fair St, Kingston, NY 12401
      View Details
    • $299,690
      Pending

      Spacious Multifamily Property in Kingston

      Multi-family property with 7 bedrooms in desirable Uptown Kingston.
      154 Fair St, Kingston, NY 12401
      View Details
    • $339,900

      Kingston Plaza Bar/Restaurant Opportunity

      Established bar and restaurant in Kingston Plaza with ample parking.
      226 Kingston Plz, Kingston, NY 12401
      View Details
    • $410,000
      Pending

      Kingston Two-Family Home

      Classic two-family home in Kingston's historic district.
      192 Washington Avenue Ext, Kingston, NY 12401
      View Details

    FAQs

    What type of property is this?
    Restaurant - Prime Kingston investment: 5-unit building, restaurant.
    Where is this restaurant located?
    The property is located at 11 Main St Lincoln Park, NY.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: Exceptional mixed-use property at 11 Main St, Kingston, NY (12401).; Three-story, 6,000 sq ft building with a mix of residential and commercial space.; Includes a restaurant with a 20-year modified lease and four residential units (one 3-bedroom, three 1-bedroom).
    Request Owner's contact information
    11 Main St Lincoln Park, NY 12401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11 Main St
    Lincoln Park, NY 12401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    11 Main St Lincoln Park, NY 12401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.