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201 Main Street

Beacon, NY 12508
  • $2,950,000
  • STATUS: Active
  • ON SITE: 52 Days
  • MLS #: H6183635
UPDATED: 25 min ago
$2,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:
Area:

School Ratings & Info

School District:

Description

Nearly half an acre on Beacon's bustling Main Street. 17 income producing residential rental units. 5 commercial retail spaces. As of right, possibility of building a +/- 16,000 sq. ft addition in what is now the rear parking area. All rents are undermarket. Buildings need major renovation in order to raise rents to market levels. This is a long term play for a deep pocket investor who has the vision and the means to unlock this unique property's full potential. Current cap rate is 4.5%. An + 8% cap rate is achievable.

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© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2022-06-28T14:17:59.807.
www.nicoleburkehomes.com/homes/128457348
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201 Main Street Beacon, NY 12508

  • Price: $2,950,000
  • Status: Active
  • On Site: 52 Days
  • Updated: 25 min ago
  • MLS #: H6183635
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Beacon
County:
Dutchess
Area:
Beacon
School District:
Beacon
Property Description
Nearly half an acre on Beacon's bustling Main Street. 17 income producing residential rental units. 5 commercial retail spaces. As of right, possibility of building a +/- 16,000 sq. ft addition in what is now the rear parking area. All rents are undermarket. Buildings need major renovation in order to raise rents to market levels. This is a long term play for a deep pocket investor who has the vision and the means to unlock this unique property's full potential. Current cap rate is 4.5%. An + 8% cap rate is achievable.
Exterior Features

Construction Materials Brick

Interior Features

Cooling Window Unit(S) Cooling YN Yes

Property Features

Property Sub Type Mixed Use Property Type Commercial Sale Tax Annual Amount 40787.00 Township Beacon Zoning Description Mixed Use

Listing courtesy of Daniel Aubry of Daniel Aubry Realty, Llc.
© 2022 OneKey MLS. All rights reserved.


© 2022 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Nicole Burke, MBA | Charles Rutenberg Realty. Data last updated: 2022-06-28T14:17:59.807.
 
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Nicole Burke, MBA | Charles Rutenberg Realty
255 Executive Drive, Suite 208
Plainview NY, 11803