The subject property is located in a premier business corridor and is currently not it’ s highest and best use. Built-out in 2007 by hudson community college the space was constructed with strict educational standards and building codes. The entire space has a two hour fire rating and is completely ada compliant.
With the existing structure suited for educational use an ideal tenant would be a school, health facility, office or some governmental use. Additionally, a communal live/work space
Environment with artist studios and workshops would allow a tenant to manage the space and sublease space on a per tenant basis with ±13,000 square feet of useable space, two sides of frontage, a 395 space parking lot adjacent to the property and its proximity to path making this a very viable subject for a gut renovation and build to suit scenario.
The subject property is an excellent opportunity for repositioning as it is located 500’ from the journal square path and is in the heart of the retail corridor on kennedy blvd. This ±13,000 below grade space has frontage on both kennedy blvd. And sip ave. And is adjacent to a 395 space above ground parking lot run by impark.
