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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.

Attachments

590 626 Ulster

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

United Rentals
ALDI
Planet Fitness
Texas Roadhouse
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5400-048.066-0002-013.120-0000
Land Assessment
$214,000
Improvements Assessment
$391,000
Total Assessment
$605,000
  • Listing ID: 33741361

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 590-602 Ulster Ave, Kingston, NY 12401

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