590-602 Ulster Ave
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590-602 Ulster Ave
19,275 SF 100% Leased Retail Building Kingston, NY 12401 $1,795,000 ($93/SF) 7.75% Cap Rate
Investment Highlights
- Fully leased small strip center, ten tenants
- Net leases
- Located on main retail artery
Executive Summary
Introducing 590-626 Ulster Avenue, a prime opportunity for investors seeking a performing property in Kingston, NY. This property consists of three buildings totaling 19,275 SF with 10 commercial rental units, fully rented, situated on two contiguous tax parcels. Ideal for office and street retail ventures. Zoned HC - Highway Commercial, this location offers versatility for a variety of businesses. With a strategic position on the major retail corridor, this property presents a compelling investment with significant potential for commercial success and future added value. Don't miss the chance to secure a foothold in this thriving market.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
19,275 SF
Building Class
C
Year Built
1984
Price
$1,795,000
Price Per SF
$93
Cap Rate
7.75%
NOI
$139,032
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.91 AC
Zoning
HC - Highway Commercial
Parking
70 Spaces (3.63 Spaces per 1,000 SF Leased)
Frontage
440 FT on Ulster Ave
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 5400-048.066-0002-013.120-0000 | Improvements Assessment | $391,000 |
Land Assessment | $214,000 | Total Assessment | $605,000 |
PROPERTY TAXES
Parcel Number
5400-048.066-0002-013.120-0000
Land Assessment
$214,000
Improvements Assessment
$391,000
Total Assessment
$605,000
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590-602 Ulster Ave
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