162 Foxhall Avenue, Kingston
Turn Key Salon is located on busy Foxhall Ave, just off Broadway and close to the Kingston hospital with a traffic count of over 10,000 vehicles per day. Owner operated for over 30 years as a Barber/Salon, this thriving business is included in the asking price. The building offers a level layout great to accommodate handicap access if needed, accountant, lawyer, dentist, nail salon you name it could be a thriving business location. There is parking in the front and rear of the building and plenty of parking on the street. The front reception area is bright an airy offering a huge picture window and plenty of natural light. There are three different work stations, the owner occupies one and rents out the other two areas (+/-$400 a week for 5 days) generating about $1,600 a month in rental income. This property is also located in a residential R-2 zone, so a buyer could turn this great ranch style building into a single-family home with a few minor changes. If this building was purchased at asking price, commercial financing (with 20% down) the payment would be $638.08, this would be 25 years amortized loan at the going commercial rate of 4.75%.
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