Description

Prime Mixed-Use Hospitality Investment in Beacon, NY | 6.5% Cap Rate with significant upside potential! A rare opportunity to own a thriving hospitality asset in the heart of Beacon’s booming Main Street corridor. The Beacon Hotel spans two adjacent buildings and combines stable in-place income with significant long-term upside. Property Highlights: Two Connected Buildings: Building A (Renovated): Fully gut-renovated 8 years ago, this building features 12 modern studio apartments, each with private bathrooms and kitchenettes. A well-known local restaurant, occupies the ground floor and draws steady foot traffic. Building B (Historic SRO): Three stories with 28 single rooms (only 1 with an en-suite bath), operating as an SRO with shared bathrooms. Includes 3 ground-floor retail spaces currently leased. Ample On-Site Parking behind the buildings which you can built—a valuable amenity in this walkable downtown location. Income-producing property with a current cap rate of 6.5% at the asking price and significant upside potential. Recent Appraisal Available upon request. Investment Upside: Reposition or Reimagine: Opportunity to further renovate the SRO building or reconfigure for boutique hospitality use, condominiums or rental apartments. Main Street Frontage + Retail Income offers long-term value and flexibility. Steady NOI + Location Momentum make this an ideal mixed-use hospitality play in one of the Hudson Valley’s fastest-growing destinations. Why Beacon? Over the past two decades, Beacon has transformed from a quiet rust belt town into a vibrant arts and lifestyle hub. With a surge of former Brooklynites and creatives attracted by its affordability, walkable downtown, and direct Metro-North access to Grand Central (just 80 minutes), the city is now a magnet for tourism, second-home owners, and weekenders. The shortage of hotels and residential units makes this an excellent investment opportunity in a high-demand location. ...
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