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23 Grand St 11,199 SF 100% Leased Office Building Kingston, NY 12401 $1,657,572 CAD ($148.01 CAD/SF)
Investment Highlights
- Prime Midtown Kingston near shops, services, transportation, and municipal offices
- Off-street lot provides added value for tenants or future development
- Multiple redevelopment or owner-user opportunities
Executive Summary
An excellent investment opportunity in the heart of Midtown Kingston
This offering includes 23 & 27 Grand Street, a combined 11,199 sq. ft. building situated on two separate SBL parcels but operating as one contiguous property. The building’s size, flexible layout, and prime location provide a wide range of potential uses. The current building has over 20 private offices and 7 bathrooms. Total tax on the building is $65,338
In addition, the sale includes 40–44 Grand Street, a 0.66-acre lot located directly across from the building. This lot provides valuable off-street parking, development potential, or expansion opportunities.
Both properties fall within the T5 Flex Zoning District, which allows for a multitude of uses, including residential, commercial, office, and mixed-use development. This zoning flexibility makes the property well-suited for investors, developers, and owner-operators seeking to capitalize on Kingston’s thriving real estate market.
This offering includes 23 & 27 Grand Street, a combined 11,199 sq. ft. building situated on two separate SBL parcels but operating as one contiguous property. The building’s size, flexible layout, and prime location provide a wide range of potential uses. The current building has over 20 private offices and 7 bathrooms. Total tax on the building is $65,338
In addition, the sale includes 40–44 Grand Street, a 0.66-acre lot located directly across from the building. This lot provides valuable off-street parking, development potential, or expansion opportunities.
Both properties fall within the T5 Flex Zoning District, which allows for a multitude of uses, including residential, commercial, office, and mixed-use development. This zoning flexibility makes the property well-suited for investors, developers, and owner-operators seeking to capitalize on Kingston’s thriving real estate market.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
11,199 SF
Building Class
C
Year Built/Renovated
1995/2000
Price
$1,657,572 CAD
Price Per SF
$148.01 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,600 SF
Building FAR
1.29
Lot Size
0.20 AC
Zoning
T5 FLEX
Parking
60 Spaces
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,536,625 CAD | |
| Land Assessment | $266,622 CAD | Total Assessment | $3,803,247 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$266,622 CAD
Improvements Assessment
$3,536,625 CAD
Total Assessment
$3,803,247 CAD
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23 Grand St
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