16 W Main St - Beacon Commons 1.5 Acres of Commercial Land Offered at $4,295,000 in Beacon, NY 12508
INVESTMENT HIGHLIGHTS
- Prime Hudson Valley Location in Dutchess County
- Walking distance to Metro-North Rail for a 90-minute commute to NYC
- Easy access to Interstate 84 & NY State Thruway (I-87)
EXECUTIVE SUMMARY
Cushman & Wakefield is pleased to present Beacon Commons, a 1.5-acre multifamily development site located at 16 West Main Street, Beacon, NY. The site has received site plan approval for a 62-unit residential development, offering a mix of one-bedroom, two-bedroom, live-work, and studio apartments, including six below-market-rate units.
Beacon Commons offers a prime multifamily development opportunity in one of the Hudson Valley’s most sought-after markets. With site plan approval secured and building permit applications underway, the project is ready for a smooth transition to construction.
Beacon Commons offers a prime multifamily development opportunity in one of the Hudson Valley’s most sought-after markets. With site plan approval secured and building permit applications underway, the project is ready for a smooth transition to construction.
PROPERTY FACTS
| Price | $4,295,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.50 AC |
| Zoning | “L” Linkage District - Residential Use |
1 LOT AVAILABLE
Lot
| Price | $4,295,000 |
| Price Per AC | $2,863,333.33 |
| Lot Size | 1.50 AC |
62-Unit Multifamily Development Opportunity on 1.5 Acres in Dutchess County, NY - Site Plan Approved Approved Units: 62 total apartments (34 one-bedroom units, 20 two-bedroom units, 7 live-work units, 1 studio apartment)
1 of 1
Walk Score®
Very Walkable (73)
PROPERTY TAXES
| Parcel Number | 130200-5954-25-616969-0000 | Improvements Assessment | $500,000 |
| Land Assessment | $1,000,000 | Total Assessment | $1,500,000 |
