130 Schwenk DrKingston, NY 12401

Property Details for 130 Schwenk Dr

Year built

1980

Lot size

0.62 AC

Property size (Sq ft)

1,989 SF

Zone code

C-2

Property type

Retail properties

Property subtype

Banks

APN

510800 48.71-1-4

APU

510800487114

Description

This exceptional 1,989 square foot office building, constructed in 1980, presents a unique investment opportunity in Kingston, NY. The brick and frame structure sits on a 0.34-acre lot, offering convenient access and ample parking. Currently configured as a bank, the layout features a large, open lobby area ideal for client interaction, complemented by several private offices, perfect for individual work or team collaboration. The property benefits from Central Commercial (C-2) zoning, providing flexibility for a variety of commercial uses. Two convenient drive-up lanes at the rear of the building enhance accessibility. The building is equipped with a natural gas-fired forced air heating and air conditioning system, ensuring year-round comfort. A robust 200-amp electrical service is in place, along with municipal water and sewer connections. The roof is in excellent condition, minimizing immediate maintenance concerns. The property boasts approximately 15 paved parking spaces, providing ample room for staff and clients. This well-maintained property offers a blend of functionality and convenience, making it an attractive prospect for a variety of commercial ventures. Its prime location and versatile design make it an ideal investment for discerning buyers seeking a strong return.

• CAP approach

  CAP return

  Valuation

  6%

  $726,325

  6.5%

  $670,454

  7%

  $622,564

• Comparable approach

  Method

  Valuation

  Relative Method

  $659,307

  Geo Method

  $654,904

• Alternative Use

  Use

  Valuation

  Residential

  $565,553

  Hospitality

  $518,043

  Educational

  $431,006

  Medical

  $445,829

  Retail

  $670,454

Location Insight

City

Kingston

County

Ulster

State

New York

Latitude

41.937

Longitude

-74.0227

CBSA code

28740

CBSA name

KINGSTON, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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