42 Main St Kingston, NY 12401
- Investment properties
- 2,104 SF
- 0.09 lot acres
Current Use by Public Records
- Quilty Dwyer & Larkin Insurance Agency / Home Insurance Agency / Life Insurance Agency
- Lawrence Quilty Inc / Insurance Agency
Property Details for 42 Main St
- Year built
- 1955
- Lot size
- 0.09 lot acres
- Property size
- 2,104 SF
- Zone code
- O-2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 510800 48.331-6-18
- APU
- 51080048331618
Description
This exceptional mixed-use building presents a compelling investment opportunity in Kingston, NY's vibrant Stockade District. Located at 42 Main Street, this three-story property offers 3,222 square feet of versatile office space, perfectly suited for a variety of business configurations. The thoughtfully designed layout includes multiple offices and bathrooms spread across all three floors, providing ample space for individual work areas, collaborative spaces, or a combination thereof. The building's T5MS zoning (Main Street Mixed Use) allows for a range of potential uses, maximizing its investment potential. Adding to its appeal is the inclusion of nine on-site parking spots, a significant advantage in a bustling uptown location. Situated on a 0.07-acre lot, this property benefits from its prime location within the desirable Stockade District, offering excellent visibility and accessibility. The building's strong structural integrity and well-maintained condition further enhance its value proposition. This is a rare opportunity to acquire a high-quality commercial property in a thriving uptown Kingston location, offering both immediate income potential and long-term growth prospects. The combination of size, location, and parking makes this an attractive investment for both owner-occupiers and investors seeking a strong return. Don't miss this chance to secure a piece of Kingston's thriving commercial landscape. The asking price is $725,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $125,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $105,000
- 6.5%
- $105,000
- 7%
- $110,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $100,000
- Geo Method
- $110,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $100,000
- Retail
- $95,000
- Mixed-Use
- $90,000
- Hospitality
- $90,000
- Educational
- $105,000
- Residential Income
- $115,000
- Energy
- $95,000
- Income-Based Land
- $105,000
- Food Service
- $95,000
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Ulster
- State
- New York
- Longitude
- -74.0182
- Latitude
- 41.9325
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA