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.
Courtesy of: DANIEL L AUBRY LIC. RE BKR The data relating to real estate for sale or lease on this web site comes in part from the Mid-Hudson Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than the publisher/owner of this website are marked with the MHMLS logo or an abbreviated logo and detailed information about them includes the name of 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. Copyright 2022 Mid-Hudson Multiple Listing Service, Inc. All rights reserved. Updated: 27th September, 2022 3:26 PM (UTC)
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