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.
County
Dutchess
Property Sub Type
Mixed Use
Property Type
Commercial Sale
Current Use
Commercial, Mixed Use, Office, Residential, Retail
Mls Status
U
Village
None
Area Units
Square Feet
Cooling
yes
Cooling Type
Window Unit(s)
Heating
Natural Gas, Hot Water
Hot Water Features
Gas Stand Alone
Square Footage
16250.00
Elementary School District
Beacon
High School District
Beacon
Middle Or Junior School District
Beacon
MLS Area Minor
99
Township
Beacon
Zoning Description
Mixed Use
Construction Materials
Brick
Lot Size Units
Acres
Number Of Buildings
1
Number Of Units Total
22
Sewer
Public Sewer
State Or Province
NY
Water Source
Public
High Price Dollars
2950000
Modifications Exclusions
None
Tax Annual Amount
40787
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