845-339-9100
uptown kingston

Property Overview

Address: 142 Schwenk Drive, Kingston, NY 12401
Building Size: 4,256 SF
Lot Size: 0.55 Acres
Market: Uptown Kingston

DEAL OVERVIEW

The Challenge
Long term national tenant notified ownership they would not be renewing their lease.  Nicely renovated office/retail/service building in very good, accessible location. Covid19 pandemic has resulted in a reduction of demand for office space.

The Objective
Find a suitable retail/service or office tenant, preferably national or credit tenant for long term lease.

The Solution
In the course of marketing, a potential buyer surfaced and after discussions of valuation with owners, a price of $629,000.00 was agreed and sale closed.

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