906 State Rte 28 Kingston, NY 12401-7264
This exceptional 9,020 square foot mixed-use commercial property, situated on 1.1 acres along the bustling Route 28 corridor in Kingston, NY, presents a remarkable investment opportunity. Built in 1980 and meticulously maintained, this C-1 zoned building offers three distinct commercial spaces, each with private entrances, exits, and utilities, easily adaptable to a variety of businesses. The interior layout allows for flexible configuration, enabling the combination of units for larger operations. Significant renovations have been completed, including retail updates (2015), septic upgrades (2016 & 2018), refrigeration unit renovations (2019 & 2020), radon mitigation (2021), and a roof replacement (2021). The property boasts extensive commercial kitchen features, including a 1,100 square foot walk-in refrigerator, a 100 square foot freezer, a commercial dishwashing setup in the basement, and additional bay sinks and dishwashing areas upstairs. Multiple loading docks enhance operational efficiency. The building is equipped with a new 1200 amp underground service (480-volt, 3-phase, and single-phase panels), plus a pre-existing 600 amp service with multiple meters. A comprehensive security system with cameras, a well water supply with filtration and UV disinfection, and two separate in-ground septic systems (including a 1000-gallon grease trap) ensure seamless operation. Heating is provided by hot water baseboard (fuel oil) and multiple split heat pump units, complemented by multiple AC split units with heat pumps. The ample parking lot has been recently repaved. This turnkey property offers unparalleled potential for entrepreneurs and investors alike. The asking price is $1,280,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.