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Property profile & analytics
FOR SALE
Industrial properties

56 Clarendon Ave Kingston, NY 12401

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%
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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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