201 Main Street, Beacon, New York 12508 (MLS# H6183635)

Commercial Sale listing in Dutchess County


Listing IDH6183635
Sold For$250,000
StatusClosed
Sold Date6/07/2023
CountyDutchess
Property TypeCommercial Sale
Property Sub TypeMixed Use
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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