201 MAIN ST

Beacon, NY, 12508

$2,950,000

$181 per ft²
$2,950,000
$181 per ft²
Active
Active
 - For Sale
carpenters-square
16,250 ft²
property_type
Condo
calendar
Built 1920
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.
MLS® ID:
407898
Listed:
5/5/22
Updated:
8/18/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Window Unit(s)
Heating
Hot Water

Exterior/Building Features

Architectural Style
3
Roof
Tar/Gravel
Sewer
City Sewer, City Water

School Information

School District
Beacon City
High School
Beacon High School
Middle/Jr High
Rombout Middle School
Elementary School
Other

Other Property Details

Area Name
DUTCHESS COUNTY
Garage
Yes
Parking
Off Street
View
N
County
Dutchess County
Pool
No
Total Stories
3

Courtesy of DANIEL L AUBRY LIC. RE BKR, DANIEL AUBRY

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 3:57 PM UTC, 8/18/22

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