1-3 Water Street,New Paltz, NY 12561
New Paltz, NY 12561
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.
Details
| MLS # | 986948 |
|---|---|
| Listing Type | For Sale |
| Style | Multi-Family |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 130 |
| Listing Provided By | eXp Realty | Jacob M. Cohen |
Features
| SQ Feet | 2,332 |
|---|---|
| Basement | Y |
| Units | 3 |
| Water Front | Yes |
| Property View | Mountain(s), Panoramic, River, S |
Interior
| Cooling | Electric, Wall/Window Unit(s) |
|---|---|
| Heating | ENERGY STAR Qualified Equipment, Oil, Propane |
Exterior
| Construction Materials | Frame |
|---|---|
| Lot Features | Corner Lot, Near Public Transit, Waterfront |
Parking
| Parking Features | Driveway, Parking Lot |
|---|
Utilities
| Utilities | Electricity Connected |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Annual Amount | 19227 |
Area Information
| State | NY |
|---|---|
| County | Ulster County |
| City | New Paltz |
| Zip Code | 12561 |
| Listing VS Median (in 12561) | |
Price: $2,250,000 low | high Med: $499,000 sqft: 2,332 low | high Med: 1,638 $ / sqft: $965 low | high Med: $339 On site: 130 low | high Med: 36 | |
Market Activity 12561
Request a showing
Request a showing
Contact
Learn More About This Property
| State | NY |
|---|---|
| County | Ulster County |
| City | New Paltz |
| Zip Code | 12561 |
| Listing VS Median (in 12561) | |
Price: $2,250,000 low | high Med: $499,000 sqft: 2,332 low | high Med: 1,638 $ / sqft: $965 low | high Med: $339 On site: 130 low | high Med: 36 | |
