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201 MAIN ST $2,950,000

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    201 MAIN ST Beacon, NY 12508

    • Commercial
    • MLS# 407898
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    Views: 43 Days On Site: 60

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    Property Details

    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.

    • General Features
      • Business Included No
      • Location Downtown, Historic Area
      • Post Office BEACON
      • Property Sub-Type Apartment
      • Tax Exemptions None
      • Township Beacon
      • Land Tax $0
    • Building Features
      • Square Footage 16,250
      • Heating Hot Water
      • Cooling Window Unit(s)
      • Roofing Tar/Gravel
      • Construction Brick
    • Property Features
      • Road Frontage City Street
      • Parking/Garage Off Street
      • Water/Sewer City Sewer, City Water
    • Schools
      • School District Beacon City
      • Elementary School Other
      • Middle School Rombout Middle School
      • High School Beacon High School

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    Neighborhood

    12508 (Beacon) Demographics

    39 Median Age
    1,354 Population Density (per sq. mile)
    44% College Educated
    $79,410 Estimated Median Income
    4,401 Estimated Total Home Owners
    2,948 Estimated Total Renters
    60% / 40% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    19,812 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $415,000 Median Sales Price
    21 Homes Sold
    28 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,950,000
        5/14/2022 4:12:45 AM Status Changed Source: Multiple Listing Service New Value: ACTIVE
        5/6/2022 5:44:00 PM New in Database Source: Multiple Listing Service New Value: $2,950,000

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        MLS Logo  The data relating to real estate for sale or lease on this website comes from the Mid-Hudson Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Hudson Valley Properties are marked with the MHMLS logo and detailed information about them includes the listing broker.
        The information appearing herein has not been verified by the Mid-Hudson Multiple Listing Service, Inc. or by any individual(s) who may be affiliated with said entity, all of whom hereby collectively and severally disclaim any and all responsibility for the accuracy of the information appearing at this web site, at any time or from time to time. All such information should be independently verified by the recipient of such data. This data is not warranted for any purpose. Copyright 2022 Mid-Hudson Multiple Listing Service, Inc. All rights reserved.

        This data has been updated as of 7/5/2022 3:43:04 PM


        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.