288 Fair Street, Kingston

$695,000

0 Beds
0 Baths
3,100 Sqft
.06 Acres
0 Garages

Uptown Kingston building is located at the corner of Fair St and John Street, one of the busiest corners in Uptown.  Building offers a (prior restaurant on the first floor) now currently used as a gallery (but still configured as a restaurant), currently owner occupied.  Second floor is a sprawling 3 bedroom 1 1/2 bath apartment that is currently also owner occupied and rented at times through airbnb, owner has generated $5,000 plus in monthly rents in the upstairs apartment while hosting film and technical professionals.  "Uptown Kingston" is fast becoming a hub for film and tech industries. The building is one short block from Kingston's historic Senate House and the new and wildly popular Senate Garage Event Space. The owner has also hosted many groups of wedding guests in the apartment. The burgeoning Uptown area is soon to be home to several boutique hotels and a high end shopping center, multi level hotel and parking garage is in the works, just a minutes stroll from the building. Building has a full basement, restaurant/gallery has natural gas forced air heat, two gas hot water heaters and central air, second floor apartment has natural gas forced air heat and electric hot water heater, both tenants pay their own heat, hot water and electric. Fair market rent on the fists floor restaurant/gallery would be in the $3,500 to $4,000 range.  First floor measures +/- 2,500 square feet, second floor measures +/- 1,600 square feet. "Kingstonian Project" is the largest new proposed development project currently under planning board review, project is about 1 block away, proposed project will have a mix of storefronts, apartments and a parking garage.

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