A rare opportunity to own a thriving hospitality asset in the heart of Beacon’s booming Main Street corridor. Two adjacent buildings with significant long-term upside.
Building A (Renovated) Hotel and Studios: Fully gut-renovated 8 years ago, this building features 12 modern studio apartments, each with private bathrooms and kitchenettes. A well-known local restaurant with long term lease, occupies the ground floor and draws steady foot traffic.
Building B (Historic SRO): Three stories with 28 single rooms, operating as an SRO with shared bathrooms.
Includes Three ground-floor retail spaces, Two currently leased out.
Ample On-Site Parking behind the buildings which you can built up to 30%. A valuable amenity in this walkable downtown location.
Income-producing property with a current cap rate of 6.5% at the asking price and significant upside potential.
Investment Upside: Reposition to further renovate the SRO building or reconfigure for boutique hospitality use such, condominiums, rental apartments or Hotel. Main Street Frontage + Retail Income offers long-term value and flexibility.
Steady NOI + Location Momentum make this an ideal mixed-use hospitality play in one of the Hudson Valley’s fastest- growing destinations.