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    FOR SALE
    Industrial properties

    56 Clarendon Ave, Kingston, NY 12401-2137

    14,003 SF 0.7 ac lot Built 1950
    Entity Owned Free & Clear
    Property ID
    US63-5457418
    Property summary
    AI-generated overview

    This exceptional Kingston, NY property presents a unique investment opportunity. The 15,000-square-foot industrial building sits on a 0.7-acre lot, boasting a prime location just off Albany Avenue. The building features a spacious first floor ideal for various industrial or mixed-use purposes, easily divisible into multiple workspaces to increase rental income. A large, two-bedroom apartment on the second floor offers additional income potential or owner occupancy. The property benefits from municipal sewer, water, and natural gas connections, ensuring convenient utility access. Ample parking is available, accommodating 20 or more vehicles. Efficient operations are supported by a loading dock, multiple (five) 10 x 12-foot overhead electronic doors, and approximately 15-foot ceilings throughout most of the building. The building also includes a sizable office/reception area and is equipped with three-phase power and a complete sprinkler system. The current owner operates a business on the premises, which is included in the sale. The property can be sold as a turnkey operation, including the existing business, or vacant, offering flexibility to the new owner. This versatile property is ready for immediate use or customized to meet specific business needs. Don't miss this chance to acquire a high-traffic, well-equipped industrial building with significant upside potential in a thriving Kingston location.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1950
    Total area 14,003 SF
    Lot 0.7 ac (30,528 SF)
    Zoning code C-3
    APN 510800 48.74-1-54.200
    UPID US63-5457418
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Technical Coatings Corporation Powder Coating Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $766k
    Blend (final) Blend
    $810k
    Owner & transaction history
    TECHNICAL COATINGS CORP
    TECHNICAL COATINGS CORP
    Zoning & alternative use
    C-3 · Kingston, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +74.8%
    Warehouse, storage $1.0M +56.6%
    Medical building $935,000 +43.4%
    Try Rey
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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