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185 Smith Ave
Kingston, NY 12401
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- One of the best locations in the city of Kingston. The property is located within walking distance of 3 major housing and commerial devlopments.
EXECUTIVE SUMMARY
This is one of the last mixed-use neighborhood grocery stores left in Kingston. The attached 2 family home has a 2 bedroom apartment on the ground floor and 1 bedroom apt on the second floor with a large unfinished attic and full basement, both under store and house. The market is approximately 2300 square feet making it one of the largest neighborhood markets in the City of Kingston. To sum it up in one word, this property screams potential. The market could easily be subdivided into two separate store fronts, subject to planning board and building department approval, offering potential for four revenue streams. The property could not be better located. It is literally across the street from a 40 unit senior housing complex, and just 1 block from 63 artist studios at the Shirt Factory, and only 2 blocks from a new 113 unit housing development on Cornell Street. Currently the market does almost 1 million dollars in lottery ticket sales annually, which represents roughly 60k in revenue as per the sellers.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,153 SF
Building Class
C
Year Built
1960
Price
$791,953 CAD
Price Per SF
$153.69 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.11 AC
Zoning
N-B - T4 Neighborhood
Frontage
AMENITIES
- Corner Lot
- Signage
- Storage Space
- Fiber Optic Internet
PROPERTY TAXES
| Parcel Number | 0800-048.333-0009-016.000-0000 | Improvements Assessment | $334,686 CAD |
| Land Assessment | $37,187 CAD | Total Assessment | $371,874 CAD |
PROPERTY TAXES
Parcel Number
0800-048.333-0009-016.000-0000
Land Assessment
$37,187 CAD
Improvements Assessment
$334,686 CAD
Total Assessment
$371,874 CAD
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