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Property profile & analytics
OFF-MARKET Estimated value $1,215,000
Investment properties

906 State Rte 28 Kingston, NY 12401-7264

4,560 SF 1.1 ac lot Built 1980
Entity Owned 4-yr Hold Free & Clear
Property ID
US63-4876159
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1980
Total area 4,560 SF
Lot 1.1 ac (47,916 SF)
APN 513000 38.4-1-20
UPID US63-4876159
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.24M
CAP Approach CAP
$740k
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M
Owner & transaction history
K Dish LLC · 4 yrs held
K Dish LLC
since 2022
Last sale
$1.2M
1 recorded transaction
2022
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $860,000 +2.6%
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