422-430 Main St - Storefront Retail/Residential FOR SALE


Beacon, NY 12508
$6,950,000 USD
917-678-5878
422-430 Main St, Beacon, NY for Sale
$6,950,000 USD
Storefront Retail/Residential - FOR SALE
1/5
null | 6.5% Cap Rate

422-430 Main St
Beacon, NY 12508


HIGHLIGHTS

  • 154’ Main Street
  • Hotel / Short term units newly renovated
  • Strong Cap Rate with upside potential
  • Large Parking Lot with buildable 30%

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$6,950,000 USD

PRICE/SF

$291 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

GB

APN/PARCEL ID

130200-6054-29-062771-0000

ASK ABOUT THIS PROPERTY

Ruben JaramilloBrick & MortarMore Info
917-678-5878

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Ruben JaramilloBrick & MortarMore Info
917-678-5878

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.