201 MAIN Street
201 MAIN Street Beacon, New York 12508 United States

$2,950,000
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DANIEL L AUBRY LIC. RE BKR

Listing Courtesy of DANIEL L AUBRY LIC. RE BKR

About 201 MAIN Street

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.

Listing Courtesy of DANIEL L AUBRY LIC. RE BKR, Hudson Gateway Multiple Listing Service, Inc. (HGMLS)

PROPERTY INFORMATION

Cooling
Window Unit(s)
Garage Info
Off Street
Heating
Hot Water
Location
Downtown, Historic Area
Water
City Sewer, City Water

EXTERIOR

Construction
Brick
Roofing
Tar/Gravel

ADDITIONAL INFORMATION

Number of Units
23
$2,950,000
Change Currency
16,250 Sq Ft.
Interior
Apartments
Property type
1920
Year Built
407898
Web Id
407898
MLS ID
DUTCHESS COUNTY
Subdivision
Beacon City
School District
Other
Elementary
Rombout Middle School
Middle
Beacon High School
High
Listing Courtesy of DANIEL L AUBRY LIC. RE BKR

DANIEL L AUBRY LIC. RE BKR

Listing Courtesy of DANIEL L AUBRY LIC. RE BKR

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