140 1st Street

Description

This extraordinary waterfront property brings together scale, history and exceptional potential on approximately 3.3 acres with roughly 300 feet of frontage on the Rondout Creek and direct boating access to the Hudson River. Zoned Waterfront (W), the property combines substantial existing infrastructure with an unusually compelling setting for adaptive reuse and future redevelopment, subject to applicable zoning and approvals. At the water's edge, an established marina with approximately 30 existing boat slips and deep-water access opens directly onto a broad and particularly beautiful stretch of the Rondout. Generous waterside decks and gathering areas create places to sit, entertain and take in long views across the creek and its wooded opposite bank, while substantial existing waterfront infrastructure - including docks, a launch ramp, travel lift and pump-out station - reflects the property's longstanding maritime use. Together, these elements create an exceptional setting and a strong foundation for a broader vision for the site. The property's collection of buildings is equally compelling. A historic three-story masonry building, believed to date to the 1800s and to have originally been used as a brewery, retains remarkable industrial character, with soaring interior volumes, exposed brick and an impressive framework of heavy timber beams and roof trusses. Alongside it, a substantial steel-framed building, currently used for workspace and storage, offers a vast open interior defined by exposed trusses, skylights and banks of industrial windows. A separate workshop/service building provides additional flexible space, while a residential building containing three apartments adds another layer of possibility, whether for rental income, owner or staff accommodation, or as part of a future reimagining of the property. Extensive on-site parking and open yard areas, currently providing substantial capacity for boat and vehicle storage, add further flexibility for events, storage or future redevelopment, subject to applicable approvals. Together, the marina, waterfront, residential accommodation and extraordinary industrial buildings create the framework for a wide range of possibilities. The scale of the site, its extensive waterfront frontage and the character of the existing buildings invite consideration of residential or mixed-use redevelopment, residential conversion, adaptive reuse, hospitality or event space, creative or maker spaces, studios and workshops, all subject to applicable zoning and approvals. Approximately 90 miles from New York City, with convenient access to Amtrak and just minutes from Kingston’s vibrant Rondout waterfront, with its distinctive mix of restaurants, galleries, independent shops and creative businesses, the property is well positioned for both regional and New York City-based investors, developers and future users. The opportunity comes at a particularly interesting moment for the broader Rondout waterfront, with significant public investment underway across the river in Kingston. The city's federally funded ''Weaving the Waterfront'' initiative is designed to improve connectivity, infrastructure, resiliency and access throughout Kingston's waterfront district. At the same time, Kingston is developing a new Local Waterfront Revitalization and Harbor Management Plan intended to help guide future investment and economic development along its waterfront. Against that backdrop, a property of this scale and character offers an unusual opportunity to participate in the continuing evolution of this historic Hudson Valley waterfront. This is not simply a commercial property with waterfront; it is a rare opportunity to reimagine an entire piece of the Rondout waterfront.