Shown from OneKey MLS. McGrath Realty does not represent this property. We can arrange to show it to you and represent you in buying it.
Building
3,340 SF
Site
0.07 acres
Year built
1920
Zoning
T5MS
The offering
Now available for lease in the heart of Uptown Kingston, this unique restaurant and hospitality space at 316 Wall Street presents a rare opportunity for a full custom buildout in a highly visible, high-traffic location. The space has been brought down to a clean shell and benefits from major recent capital improvements, including updated electrical panels, modern HVAC systems, structural upgrades, soundproofing between floors, and two existing ADA-compliant restrooms--significantly reducing the scope of work for an incoming operator. The main level offers approximately 1,200 SF of open dining space, highlighted by exposed brick walls, high ceilings, and a large historic wooden bar that serves as a natural focal point. The layout allows for a wide range of restaurant or hospitality concepts while preserving the character and charm that define Uptown Kingston's most successful venues. The space also includes a 200 SF kitchen area and dual street entrances. The Fair Street entrance is well suited as a primary branded entry, while the Wall Street frontage offers flexibility for a secondary use such as a coffee bar, takeout window, or grab-and-go concept. A street-facing outdoor dining area further enhances visibility and seasonal activation. The approximately 1,700 SF lower level provides exceptional potential for a speakeasy-style lounge, private dining area, cocktail bar, or event space--allowing for a dynamic, multi-level hospitality concept under one roof. Tenant fit-out will require coordination with building and regulatory requirements. To minimize impact on upper residential units, no ceiling penetrations are permitted; any dropped ceiling must be framed and supported from below, and all wall penetrations must be properly sealed. The existing lighting is temporary and will require replacement by the tenant. The tenant will also be responsible for completing HVAC duct distribution and integration with the existing ERV system. Kitchen and bar layouts must maintain their general footprint to avoid triggering additional sprinkler requirements, and careful coordination with the building department is advised. Installation of a new grease trap will be required and must be filed with the Department of Health. Any proposed use of the basement beyond storage will require review by MEP engineers. Bathroom upgrades, if desired, will be at the tenant's expense. A dedicated exterior storage closet along Fair Street is included for restaurant use. Full kitchen buildout is required; no restaurant equipment is included. Landlord is seeking a long-term tenant and is open to discussing buildout timelines or potential concessions for qualified operators. The property was previously operated as a licensed establishment; however, that license was canceled in 2019. Any new operator seeking a liquor license should anticipate a thorough review process with the New York State Liquor Authority. Prospective tenants should be prepared to demonstrate relevant experience in operating a licensed premises, along with a clear and well-structured business plan. A full board review may be required as part of the application process. This presents an opportunity for a qualified operator to reestablish a successful concept in a strong Uptown Kingston location. This is a rare opportunity to establish a flagship restaurant, bar, or hospitality concept in one of Uptown Kingston's most desirable commercial corridors.
Building & site
Interest conveyedFee simple
Gross building area3,340 SF
Building typeOther
Property typeOther
Year built1920
Land area0.07 acres
Land area, SF3,150 SF
WaterPublic
SewerPublic Sewer
HeatBaseboard
Tax parcel51080048.331-2-9
Number of buildings1
Electric utilityCentral Hudson
Zoning & permitted uses
District
T5MS
Permitted uses are governed by the Kingston zoning code and should be confirmed with the municipality. Ask a broker for the district summary.
Aerial imagery
The outline is this property's tax parcel from the county assessment roll, over current aerial imagery. Boundaries are indicative and are not a survey.
Location, access & trade area
Trade area
Measure
Kingston
Ulster County
Population
23,911
182,977
Daytime population
28,476
173,713
Population density
2,696 / sq mi
163 / sq mi
Households
10,020
76,112
Median household income
$68,186
$87,847
Mean travel time to work
23 min
28 min
Median home value
$315,500
$389,100
Median gross rent
$1,469
$1,586
Unemployment (June 2026)
3.7%
Not stated
School districts
Kingston, Rhinebeck
ZIP codes
12401, 12417, 12443, 12466
Municipal and county figures from the US Census American Community Survey (2024 5-year) and the Bureau of Labor Statistics. These are jurisdiction totals, not radius rings; ask a broker for a drive-time or radius study on a specific site.
Taxes & assessment
2026 taxes
$33,112
Assessed value
$525,000
Land assessment
$61,000
Full market value
$921,053
Owner of record
TRE ONE SIX LLC
School district
Kingston
Property class
481 · Restaurant
Estimated annual tax, 2025 roll
County and town
$8,501
School, Kingston
$20,217
Estimated total
$28,718
The estimate is the assessed value at the current county, town, school and village rates. Not a bill: exemptions, and any change to the assessment or the rates, move it.
Assessment figures are taken from the municipal roll and should be independently verified. Annual tax bills are available on request.