472 Main StBeacon, NY 12508

Property Details for 472 Main St

Year built

1920

Lot size

0.05 AC

Property size (Sq ft)

3,648 SF

Zone code

GB

Property type

Investment properties

Property subtype

Live-work space

APN

130200 6054-37-096740-0000

APU

9223372036854775807

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $759,487

  6.5%

  $701,065

  7%

  $650,989

• Comparable approach

  Method

  Valuation

  Relative Method

  $486,838

  Geo Method

  $486,181

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,374,620

  Retail / Commercial

  $704,158

  Hospitality / Lodging

  $513,591

  Office

  $696,293

  Institutional / Educational

  $728,617

  Residential Income

  $852,482

  Multifamily

  $1,025,650

  Automotive / Energy

  $624,529

  Parking / Income-Based Land

  $216,093

  Restaurant / Food Service

  $363,386

  Healthcare / Senior Housing

  $719,526

Location Insight

City

Beacon

County

Dutchess

State

New York

Latitude

41.502

Longitude

-73.9644

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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