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Prime Development Opportunity - In the heart of Kingston, 2.3 acres with 74,414 square feet of retail, office and warehouse space is ready to be repurposed to its highest and best use. Most recently the home of Fowler and Keith Industrial Supply, this property has an intoxicating history that includes bootlegger “Legs” Diamond storing moonshine in its barrel factory during Prohibition! Comprising most of a city block in the center of the Midtown Arts District, there is over 800 feet of frontage on Smith Avenue, Bruyn Avenue and Cornell Street. Most of the building space consists of two old 2-story industrial buildings that have been joined, expanded and upgraded. All space is now fully sprinklered with smoke and heat alarms and a security system. A 2,870 square foot garage is the third of 3 structures. With the exception of occupancy in one of two office suites, this property is currently vacant. M-2 General Manufacturing zoning affords many by-right uses including office/professional, manufacturing, research/development/design labs, restaurants/drinking establishments and more. Placement in the Midtown Mixed Use Overlay District allows and encourages multifamily residential housing above retail and/or commercial uses for mixed-use, pedestrian-based neighborhood development. This property obtained preliminary approval for a 73 unit mixed-use housing development, plans for which are available upon request. The former Kingston Barrel Factory, the rear 2-story brick building, is eligible for historic tax credits. Kingston, NY has been measured as THE hottest real estate market in the nation (Bloomberg), the bullseye of Hudson River Valley-Catskill Mountain region unparalleled in natural beauty, recreational resources, art, culture and cuisine. This property is offered in "as is" condition.
$3,900,000
74,414 Sq/ft
Lot 2.3 Acres
Built in 1900
MLS: 20212388

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