Mixed Use Property for Sale
475 Main St is a brick mixed-use building in a prime location in Downtown Beacon, presenting a redevelopment opportunity. The building is 9303 SF, including a 3000 SF basement.
A portion of the first floor is currently leased by Terreson: Beacon, an Art Gallery by local artist Jeffrey Terreson. The income from the art gallery covers the carrying costs of the building. The tenant is month to month and the building can be delivered vacant if necessary.
The 2nd and 3rd floors will be delivered vacant. The seller represents that the building is grandfathered in for up to 7 apartment units with street parking. There is also an opportunity to build condominium units, to convert the upper floors into office space or a live-work space.
There is high demand for both luxury rental units and high-end condominiums in this vibrant downtown, just 90 minutes from NYC. Beacon is a growing sub market of New York City, easily accessible by the Metro-North Station in town. I-84 is the major highway , located on the city’s north side. It has become a destination for renters attracted to the proximity to NYC. Beacon has a population of 15,541 with a median income of $45,236.
Beacon, Dutchess County, NY