42 Main StKingston, NY 12401

Property Details for 42 Main St

Year built

1955

Lot size

0.09 AC

Property size (Sq ft)

2,104 SF

Zone code

O-2

Property type

Investment properties

Property subtype

Live-work space

APN

510800 48.331-6-18

APU

51080048331618

Description

This exceptional mixed-use building presents a compelling investment opportunity in Kingston, NY's vibrant Stockade District. Located at 42 Main Street, this three-story property offers 3,222 square feet of versatile office space, perfectly suited for a variety of business configurations. The thoughtfully designed layout includes multiple offices and bathrooms spread across all three floors, providing ample space for individual work areas, collaborative spaces, or a combination thereof. The building's T5MS zoning (Main Street Mixed Use) allows for a range of potential uses, maximizing its investment potential. Adding to its appeal is the inclusion of nine on-site parking spots, a significant advantage in a bustling uptown location. Situated on a 0.07-acre lot, this property benefits from its prime location within the desirable Stockade District, offering excellent visibility and accessibility. The building's strong structural integrity and well-maintained condition further enhance its value proposition. This is a rare opportunity to acquire a high-quality commercial property in a thriving uptown Kingston location, offering both immediate income potential and long-term growth prospects. The combination of size, location, and parking makes this an attractive investment for both owner-occupiers and investors seeking a strong return. Don't miss this chance to secure a piece of Kingston's thriving commercial landscape. The asking price is $725,000.

• CAP approach

  CAP return

  Valuation

  6%

  $522,666

  6.5%

  $482,461

  7%

  $448,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $276,756

  Geo Method

  $274,909

• Alternative Use

  Use

  Valuation

  Residential

  $598,252

  Hospitality

  $547,995

  Educational

  $455,926

  Medical

  $471,606

  Retail

  $709,218

Location Insight

City

Kingston

County

Ulster

State

New York

Latitude

41.9325

Longitude

-74.0182

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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