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27 Main St 8,663 SF 100% Leased Retail Building Kingston, NY 12401 $1,650,000 ($190.47/SF)
EXECUTIVE SUMMARY
Prime Investment Opportunity in the Heart of Uptown Kingston.
Strategically positioned in the heart of Kingston's historic Old Stockade Business District, 27 Main Street offers an exceptional opportunity for investors or owner-users to establish a commanding presence in Uptown Kingston. Located adjacent to the Ulster County government offices and a short walk to the County Courthouse, this rare offering includes three contiguous tax parcels totaling approximately 0.53 acres.
The flagship property, 27 Main Street, is a distinguished two-story, 8663 SF commercial building constructed of limestone and brick in 1843. Rich with architectural character, it features soaring ceilings, grand columns, and original banking elements including a classic vault on the first floor and in the basement. A 1.9 million renovation in 2010 and a brand new roof installed in 2022 ensure modern functionality with historic charm.
The first floor is leased to Rhinebeck Bank, a stable tenant since 2005. The Bank is in its second 10-year lease term, with 7 years remaining, and pays separately metered utilities. The second floor has been owner-occupied and will be delivered vacant. An ideal opportunity for office use or conversion in a low-vacancy office market. Alternatively, this space could be an amazing apartment or live/work space.
Included in the sale are two additional parcels located at 264-266 Fair Street, totaling 0.23 acres and currently configured as a 32-space private parking lot. Of these, 7 are deeded exclusive use spaces, 20 unencumbered shared spaces, and 12 additional income producing spaces.. The parking lot offers immediate income potential or the ability to redevelop for a higher and better use, given its premium location in a fast-growing commercial corridor.
Highlights:
Three Contiguous Parcels | Total 0.53 Acres
7,415 SF Building | Built 1900 | Renovated 2010
2022 Net Operating Income: 113,896
New Roof (2022)
Rhinebeck Bank: Long-Term Tenant (7 Years Remaining on Lease)
39 Space Parking Lot | Additional Development Potential
Adjacent to Ulster County Office Building | Steps from Courthouse
Separately Metered Utilities for Second Floor Significant Foot Traffic and Visibility in Uptown Kingston
Whether you're looking for a flagship office location, an income-producing asset, or a
development opportunity, 27 Main Street offers unmatched versatility, history, and prime
positioning in one of the Hudson Valley's most vibrant commercial hubs.
Strategically positioned in the heart of Kingston's historic Old Stockade Business District, 27 Main Street offers an exceptional opportunity for investors or owner-users to establish a commanding presence in Uptown Kingston. Located adjacent to the Ulster County government offices and a short walk to the County Courthouse, this rare offering includes three contiguous tax parcels totaling approximately 0.53 acres.
The flagship property, 27 Main Street, is a distinguished two-story, 8663 SF commercial building constructed of limestone and brick in 1843. Rich with architectural character, it features soaring ceilings, grand columns, and original banking elements including a classic vault on the first floor and in the basement. A 1.9 million renovation in 2010 and a brand new roof installed in 2022 ensure modern functionality with historic charm.
The first floor is leased to Rhinebeck Bank, a stable tenant since 2005. The Bank is in its second 10-year lease term, with 7 years remaining, and pays separately metered utilities. The second floor has been owner-occupied and will be delivered vacant. An ideal opportunity for office use or conversion in a low-vacancy office market. Alternatively, this space could be an amazing apartment or live/work space.
Included in the sale are two additional parcels located at 264-266 Fair Street, totaling 0.23 acres and currently configured as a 32-space private parking lot. Of these, 7 are deeded exclusive use spaces, 20 unencumbered shared spaces, and 12 additional income producing spaces.. The parking lot offers immediate income potential or the ability to redevelop for a higher and better use, given its premium location in a fast-growing commercial corridor.
Highlights:
Three Contiguous Parcels | Total 0.53 Acres
7,415 SF Building | Built 1900 | Renovated 2010
2022 Net Operating Income: 113,896
New Roof (2022)
Rhinebeck Bank: Long-Term Tenant (7 Years Remaining on Lease)
39 Space Parking Lot | Additional Development Potential
Adjacent to Ulster County Office Building | Steps from Courthouse
Separately Metered Utilities for Second Floor Significant Foot Traffic and Visibility in Uptown Kingston
Whether you're looking for a flagship office location, an income-producing asset, or a
development opportunity, 27 Main Street offers unmatched versatility, history, and prime
positioning in one of the Hudson Valley's most vibrant commercial hubs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
8,663 SF
Building Class
C
Year Built
1839
Price
$1,650,000
Price Per SF
$190.47
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
11’
Building FAR
0.69
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
T5MS
Parking
22 Spaces (2.54 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0800-048.331-0004-016.000-0000 | Improvements Assessment | $847,000 |
| Land Assessment | $135,000 | Total Assessment | $982,000 |
PROPERTY TAXES
Parcel Number
0800-048.331-0004-016.000-0000
Land Assessment
$135,000
Improvements Assessment
$847,000
Total Assessment
$982,000
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