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701 Boices Ln
Kingston, NY 12401
Land For Sale
·
26.50 AC
Investment Highlights
- This property already is serviced by municipal water and sewer and electrical services.
- Located just minutes from I-87, the property is conveniently situated.
- Flexible zoning allows for a multitude of uses.
- Existing rental income and site improvements provide immediate cash flows.
Executive Summary
26.5 acres adjacent to the former IBM (iPark 87) and a short drive to I-87 in an active manufacturing warehouse, office, and retail commercial corridor in Kingston, NY. Very flexible Office and Manufacturing Zoning (OM) with a multitude of potential uses. Permitted uses include: multi-family, hospital, education, hotel, kennel, office/medical, manufacturing, heavy industrial, junk yard, recycle yard, self-storage, and many more. This property is serviced by municipal water/sewer and electrical services. Excellent potential for large warehouse/distribution facility or multi-family development. Zoning allows 1 dwelling per 10,000 feet with a 2,500 square foot recreation area. Currently the property has 6 rental properties, barns, and storage buildings. Located on a private cul-de-sac road and borders the Esopus Creek. Minutes to major highways including I-87 and Route 9W.
Property Facts Under Contract
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 26.50 AC |
| Zoning | OM - Office and Manufacturing | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 26.50 AC |
| Zoning | OM - Office and Manufacturing |
1 Lot Available
Lot
| Price | $4,374,560 CAD | Lot Size | 26.50 AC |
| Price Per AC | $165,077.74 CAD |
| Price | $4,374,560 CAD |
| Price Per AC | $165,077.74 CAD |
| Lot Size | 26.50 AC |
Description
This well situated property is located adjacent to the former IBM (iPark 87) and is only a short drive from I-87. The property is ideal for a multitude of uses but features a variety of current improvements already in place.
Property Taxes
| Parcel Number | 515400 48.7-2-35.100 | Improvements Assessment | $431,441 CAD |
| Land Assessment | $219,412 CAD | Total Assessment | $650,853 CAD |
Property Taxes
Parcel Number
515400 48.7-2-35.100
Land Assessment
$219,412 CAD
Improvements Assessment
$431,441 CAD
Total Assessment
$650,853 CAD
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