18 Main StBeacon, NY 12508

Property Details for 18 Main St

Year built

1950

Lot size

2.88 AC

Property size (Sq ft)

31,840 SF

Zone code

RMF-1.5

Property type

Warehouses

APN

130200 5954-26-647966-0000

APU

9223372036854775807

Description

This thriving mixed-use property, located at 18 W Main St in Beacon, NY, presents a unique investment opportunity. The 3,675 square foot building, constructed in 1950, sits on a 2.88-acre lot and is currently operating as "Two Way Brewing," a successful micro-brewery established in 2014. The brewery boasts a full-service taproom with a diverse selection of craft beers, attracting a consistent clientele. Open seven days a week, the establishment offers comfortable seating for 70 patrons indoors and an additional 30 outdoors during the warmer months. With a 300-barrel capacity, the brewery has ample production potential. Its strategic location just off Beacon's main street, directly on the pedestrian route to and from the train station, ensures high visibility and accessibility. The proximity to the Hudson River provides scenic views, enhancing the overall customer experience. The convenient location, less than two hours from New York City by train, makes it an easily accessible destination for city dwellers seeking a day trip. This turnkey operation offers a compelling blend of established business and significant real estate potential, priced at $450,000 ($21.98 per square foot). The property's size and location offer potential for expansion or diversification. This is a rare opportunity to acquire a profitable, established business with significant growth potential in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $12,998,200

  6.5%

  $11,998,400

  7%

  $11,141,400

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,665,350

  Geo Method

  $6,656,340

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $6,146,250

  Mixed-Use / Specialty

  $6,119,260

  Hospitality / Lodging

  $4,482,880

  Office

  $6,077,610

  Institutional / Educational

  $6,359,740

  Residential Income

  $7,440,900

  Multifamily

  $8,952,410

  Automotive / Energy

  $5,451,210

  Parking / Income-Based Land

  $1,886,170

  Restaurant / Food Service

  $3,171,820

  Healthcare / Senior Housing

  $6,280,400

Location Insight

City

Beacon

County

Dutchess

State

New York

Latitude

41.5083

Longitude

-73.9805

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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