201 Main Street, Beacon

$2,950,000

0 Beds
0 Baths
0 Acres
0 Garages

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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Essential Information
MLS® #H6183635
Price$2,950,000
Acres0.00
TypeCommercial Sale
Sub-TypeMixed Use
StatusPending
Community Information
Address201 Main Street
CityBeacon
CountyDutchess
StateNY
Zip Code12508
Interior
HeatingNatural Gas, Hot Water
CoolingWindow Unit(s)
Exterior
ExteriorBrick
ConstructionBrick
School Information
DistrictBeacon
Additional Information
Date ListedMay 6th, 2022
Days on Market274
ZoningMixed Use
Listing Details
Listing Courtesy ofDaniel Aubry Realty, LLC
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Listing information last updated on February 4th, 2023 at 12:10pm CST.