This 19th century historic three story commercial building in a prime location on Broadway in Kingston's historic Rondout District is a rare opportunity for several types of potential buyers. The incredible commercial space has been used for years as an artist studio and has the tall ceilings, massive windows, exposed brick walls, and hardwood floors that can be perfectly customized for many types of businesses. This floor has a slop sink, a half bathroom, and direct access to a spacious, sunny, recently landscaped, enclosed backyard surrounded by historic buildings. This currently underutilized outdoor space has a ton of potential for use by the ground floor business and/or to add value to the apartments. There are two apartments that have been easy to maintain for the existing owners, and there are opportunities to do simple cosmetic upgrades to take advantage of these light-filled spaces, again with extra-tall ceilings and eat-in kitchens. This would be an incredible space for an investor looking to maximize income on the three rentable units, while buying into Kingston as the prices are just beginning to increase -- or someone who has a dream to live above their own store or business with a big chunk of the costs covered by an additional rental. Just down the road from popular local businesses like Brunette Wine Bar, Hops Petunia, Clove and Creek, Milne Antiques, and Kingston Wine Co. As there are minimal upkeep/maintenance expenses required, the income generated should exceed any monthly mortgage payments, creating a great investment. Pending sale fell apart, please keep in mind this building is commercial that has specific mortgage requirements and will require available cash to cover any remaining balance. Thank you for your interest.
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