257-267 Main St

257-267 Main St , Beacon, New York, 12508 | 8,000 sq.f | $ 3,349,000

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About This Restaurant

Investment Highlights

Executive Summary

This grand 12-unit brick building located on Main Street in downtown Beacon offers a prime investment opportunity with its mix of residential and commercial units. With 6 apartments, 6 storefronts, and a leased-out 2-car garage, this property provides multiple income streams. The location on Main Street in the heart of bustling downtown Beacon ensures high visibility and foot traffic, making it an attractive location for both residential and commercial tenants. Each unit being on its own utilities is a significant advantage, allowing for efficient management and maximizing returns on investment. The corner lot aspect of the property provides additional benefits, including plenty of off-street parking and frontage on two roads, enhancing accessibility and convenience for tenants and customers alike Property Zoned CMS Potentially the possibility of a sub-division or additional building.

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Storefront Retail/Residential Storefront Retail/Residential General Retail Restaurant General Retail Storefront Storefront Retail/Residential
  • Building Size    8,000
  • Building Class    C
  • Year Built    1920
  • Price    3,349,000
  • Price Per SF    419
  • Cap Rate    7.74
  • NOI    259,344
  • Percent Leased    100
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.80
  • Land Acres    0.23 AC

Amenities

  • Bus Line
  • Corner Lot
  • Signage
  • Storage Space

Property Taxes

Parcel Number 130200-5954-27-865897-0000 Improvements Assessment $155,000
Land Assessment $2,345,000 Total Assessment $2,500,000
Date Created: 2024-07-16 04:18:00 Last Updated: 2024-07-16 04:18:00
Address: 257-267 Main St , Beacon, New York, 12508