Buy into Beacon’s golden future ! Distinctive One story Building on Main Street in Beacon. Great visibility and signage wall. Excellent passive investment. 6% cap rate. Restaurant tenant in place.
Three year lease with two five year options to renew for a total of 13 years. All new decor and bar installation. Newly renovated bathroom. Development potential. Can go up two stories. 4 additional. apartments. Plans and renderings available. The basement space has all new state of the art gas and electric systems. Cold Storage. A rear patio suitable for outdoor dinning. Permission to have four outdoor tables in front.
305 Main Street, Beacon, NY, 12508
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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