Property profile

472 Main St Beacon, NY 12508

OFF-MARKET
Investment properties
Property ID
US63-0529455
3,648 SF 0.05 ac lot Built 1920
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional turnkey restaurant presents a rare opportunity for a savvy investor or experienced restaurateur. Located at 472 Main Street in the vibrant heart of Beacon, New York, this well-established eatery has thrived for 15 years under the ownership of a culinary chef. The restaurant boasts a cozy and inviting atmosphere, perfect for intimate gatherings or family celebrations, with seating for over 30 guests. Its prime downtown location on a bustling street ensures high foot traffic and excellent visibility. The property is fully equipped and ready for immediate operation, eliminating the need for extensive renovations or setup. This turnkey business offers a significant advantage, allowing the new owner to focus on operations and growth from day one. Beacon's thriving arts and culture scene, coupled with its proximity to major transportation arteries including the interstate and train station, contributes to a strong and diverse customer base. The area is rich with complementary businesses, including shops, galleries, breweries, and a theater, creating a vibrant and attractive environment for both residents and tourists. This is a truly exceptional opportunity to acquire a successful, established restaurant in a prime location with significant growth potential. The sale includes all existing equipment and fixtures. Don't miss this chance to own your own thriving business in a desirable and dynamic community.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1920
Total area 3,648 SF
Lot 0.05 ac (2,178 SF)
Zoning code GB
APN 130200 6054-37-096740-0000
UPID US63-0529455

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

472 Main St Beacon, NY 12508-3352
Beacon metro Census 210101 POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2019
3 recorded transactions
2019
$1.7M
2012
$800,000
1969
Price N/A

Zoning & alternative use

GB · Beacon, NY
Zoning description

for the renumbering of former Subsection A(17) as Subsection A(15). B. Commercial: [Amended 2-19-2013 by L.L. No. 3-2013 ; 6-17-2013 by L.L. No. 11-2013 ; 6-15-2020 by L.L. No. 7-2020 ] (1) T Transitional District. (2) G…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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