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$2,250,000
Est. payment /mo
Price Dropped by $245K
1-3 Water ST New Paltz, NY 12561
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Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 986948
Rental Info No
Year Built 1965
Annual Tax Amount $13,874
Property Sub-Type Multi Family
Source onekey2
Property Description
Location, Opportunity, and Development Potential in the heart of downtown New Paltz. Welcome to 1-3 Water Street, a mixed-use riverfront property offering immediate income, owner-user flexibility, and rare development potential within the business district.
Set on a .22-acre parcel along the Wallkill River, this 2,332 sq ft mixed-use commercial building is steps from everything downtown New Paltz has to offer, including Water Street Market, the Rail Trail, the River-to-Ridge Trail system, SUNY New Paltz, and the new New Paltz Way Boutique Hotel, opening this July, offering strong visibility and consistent foot traffic.
The ground-floor 1,208 sq ft commercial space is vacant and features new energy-efficient mini-split systems. The commercial space supports a variety of uses including retail and boutique commercial concepts.
Above the commercial space are two residential apartments (4-bedroom and 2-bedroom), both currently rented, generating immediate and stable income. Each apartment has access to a shared riverfront deck overlooking the Wallkill River and Shawangunk Mountains.
INCLUDED is a separate .41-acre buildable parcel directly across the street, currently used for parking and a sculpture garden. This buildable lot is zoned for mixed-use development up to three stories. This .41-acre parcel represents a rare downtown Village development opportunity with significant long-term upside and strong commercial development potential. It is the last remaining non-developed, buildable lot within the downtown business corridor of New Paltz.
A unique offering combining income-producing property, owner-user potential, and a highly desirable development parcel in one of the Hudson Valley's most active commercial corridors.
Set on a .22-acre parcel along the Wallkill River, this 2,332 sq ft mixed-use commercial building is steps from everything downtown New Paltz has to offer, including Water Street Market, the Rail Trail, the River-to-Ridge Trail system, SUNY New Paltz, and the new New Paltz Way Boutique Hotel, opening this July, offering strong visibility and consistent foot traffic.
The ground-floor 1,208 sq ft commercial space is vacant and features new energy-efficient mini-split systems. The commercial space supports a variety of uses including retail and boutique commercial concepts.
Above the commercial space are two residential apartments (4-bedroom and 2-bedroom), both currently rented, generating immediate and stable income. Each apartment has access to a shared riverfront deck overlooking the Wallkill River and Shawangunk Mountains.
INCLUDED is a separate .41-acre buildable parcel directly across the street, currently used for parking and a sculpture garden. This buildable lot is zoned for mixed-use development up to three stories. This .41-acre parcel represents a rare downtown Village development opportunity with significant long-term upside and strong commercial development potential. It is the last remaining non-developed, buildable lot within the downtown business corridor of New Paltz.
A unique offering combining income-producing property, owner-user potential, and a highly desirable development parcel in one of the Hudson Valley's most active commercial corridors.
Location
State NY
County Ulster County
Rooms
Basement Full
Interior
Heating ENERGY STAR Qualified Equipment, Oil, Propane
Cooling Electric, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway, Parking Lot
Utilities Available Electricity Connected
Waterfront Description Waterfront
View Mountain(s), Panoramic, River, Skyline
Building
Lot Description Corner Lot, Near Public Transit, Waterfront
Sewer Public Sewer
Water Public
Structure Type Frame
Others
Special Listing Condition None
Listed by eXp Realty • Jacob M. Cohen
Connect RE Corp.
Phone