12-16 Thomas Street, Kingston

$2,995,000

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

Turn key and well established business & building located in the heart of Midtown Kingston brings you your very own Neapolitan Restaurant, Little Italy. Four story brick building features restaurant on the first and second level with 4 bathrooms, two spacious wooden bars, two kitchens and a wood fire pizza oven. Next door and connected by a breezeway (and part of the restaurant space) is recently expanded Bella Piazza catering/dining area which includes a covered outdoor patio with 2 additional restrooms, a cozy gas fireplace and +/- 12 ft. ceilings, space measuring approx. 2,200 sq. ft. The restaurants total square footage is +/- 9,000 square feet. There are 6 apartments on the third and fourth floor with a stairwell for apartment access and a cargo elevator for furniture. Tenants are all month to month and pay all their own utilities. Iconic restaurant has been in business for 13+ years while expanding Bella Piazza within the last 3 years. Exterior offers front patio, side covered patio, great signage and landscaping. Building is located just off Broadway and walking distance to many shops, stores, housing and most importantly the Ulster Performing Arts Center, a Historic Theater featuring world class entertainers and shows from around the world, theater seats 1,500+. Municipal parking lot is across the street which can accommodate 100+ vehicles. Great investment opportunity, owner will also just sell the building and lease back the restaurant space with long term lease, see MLS# 20213508 for building only For Sale. See associated docs for additional info and income and expense at asking price.

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