906 State Rte 28 Kingston, NY 12401-7264
- Investment properties
- 4,560 SF
- 1.10 lot acres
Current Use by Public Records
- Investment properties
Property Details for 906 State Rte 28
- Year built
- 1980
- Lot size
- 1.10 lot acres
- Property size
- 4,560 SF
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 513000 38.4-1-20
- APU
- 513000384120
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,145,000
- 6.5%
- $1,205,000
- 7%
- $1,225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,110,000
- Geo Method
- $980,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,205,000
- Retail
- $1,015,000
- Mixed-Use
- $1,210,000
- Hospitality
- $1,015,000
- Educational
- $1,215,000
- Residential Income
- $1,390,000
- Energy
- $1,025,000
- Income-Based Land
- $1,050,000
- Food Service
- $1,220,000
Location Insight
- Map
- Local Demand
- City
- Kingston
- County
- Ulster
- State
- New York
- Longitude
- -74.0856
- Latitude
- 41.9821
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
