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About the Listing EXPRLT05 - 70270
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Electric,Wall/Window Unit(s)
- Heating: ENERGY STAR Qualified Equipment,Oil,Propane
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner Lot,Near Public Transit,Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway,Parking Lot
Financial Details
- Tax Amount: $13,874
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
1-3 Water St New Paltz, NY 12561
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