12-16 Thomas Street, Kingston

$2,350,000

0 Beds
0 Baths
15,964 Sqft
.38 Acres
0 Garages

Four story brick building features well established restaurant on the first and second floor measuring a total of +/- 9,100 square feet and then 6 luxury apartments on the 3rd and 4th floor with laundry. The restaurant offers two spacious wooden bars and two kitchens (one on each floor) and a wood fire pizza oven. Part of, and connected is recently expanded Bella Piazza catering/dining area which includes a covered outdoor patio, a cozy gas fireplace and +/- 12 ft. ceilings. The 6 apartments on the third and fourth floor have all separate utilities and elevator access, rents are all well below market rate and each tenant is month to month tenancy. Building is fully sprinklered from the basement to the top floor with Main and back stairways. Iconic restaurant has been in business for 13+ years and will be leasing back +/- 20 year lease. Exterior offers front outdoor patio with a glass enclosed main dining area. Municipal parking lot is across the street which can accommodate 100+ cars. Great investment opportunity. See associated docs for additional info and income and expense at asking price. Current owner of the building/restaurant will also sell the restaurant business if desired.

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