422 Main Street, Beacon, NY 12508

Property Description

422–430 Main Street presents a significant mixed-use investment and redevelopment opportunity in the heart of downtown Beacon, New York. The property consists of two connected buildings totaling approximately 17,564 square feet on a 0.35-acre parcel along one of the Hudson Valley's most established commercial corridors. Combining existing income-producing residential and commercial uses with substantial repositioning potential, the offering provides investors and developers with multiple strategies for both near-term operations and long-term value creation. The property comprises approximately 11,681 square feet of residential space and 5,883 square feet of ground-floor commercial space, including 38 existing residential rooms and units. One building features 12 furnished studio apartments, renovated in 2022, with private bathrooms, kitchen facilities, contemporary finishes, and ground-floor restaurant space. The adjoining mixed-use building contains 26 existing single-room occupancy (SRO) accommodations above street-level commercial space, presenting opportunities for continued operation, renovation, repositioning, or potential redevelopment. A particularly compelling aspect of this offering is the opportunity to explore a phased development strategy, potentially preserving the renovated residential and commercial component while evaluating redevelopment of the adjoining building and rear portion of the site extending toward South Street. Prospective purchasers may investigate a range of potential uses, including multifamily rental residences, for-sale condominiums, boutique hospitality, extended-stay accommodations, and expanded commercial space. All development concepts are subject to zoning, existing occupancy and tenant rights, historic preservation requirements, applicable regulations, and municipal approvals. Positioned along Beacon's vibrant Main Street, the property benefits from immediate access to the city's established collection of restaurants, boutiques, galleries, and cultural destinations. Beacon's continued evolution as a sought-after Hudson Valley destination, together with its proximity to Dia Beacon, the Hudson River waterfront, Metro-North rail service, and Interstate 84, further supports its appeal for residential, hospitality, and commercial investment. With a prominent downtown location, distinctive architectural character, existing income-producing uses, and multiple potential redevelopment strategies, 422–430 Main Street represents an opportunity to acquire a substantial commercial real estate asset in one of the Hudson Valley's most recognizable markets. An attractive offering for investors and developers seeking current utility, long-term appreciation potential, and the opportunity to participate in the continued evolution of downtown Beacon.