UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 8,663 sqft
Price per Sqft $190
MLS Listing ID 20252258
Year Built 1839
Annual Tax Amount $53,251
Tax Year 53251
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Business
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
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.
Location
State NY
County Ulster
Area Kingston, City
Zoning T5MS
Rooms
Basement Unfinished
Interior
Heating Natural Gas
Cooling Central Air
Exterior
Exterior Feature Lighting
Fence Fenced
Building
Lot Description Paved
Story 2
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Schools
High Schools Kingston Consolidated
School District Kingston Consolidated
Others
Tax ID 48.331-4-16
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Peter Horowitz
Licensed Real Estate Associate Broker
Licensed Real Estate Associate Broker