1-3 Water Street new Save Request In-Person Tour Request Virtual Tour
New Paltz,NY 12561
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID KEY857508
Originating Board onekey2
Rental Info No
Annual Tax Amount $13,874
Property Sub-Type Business
Property Description
Location, Opportunity, and Unlimited Potential! Welcome to 1–3 Water Street - a rare chance to own the most iconic mixed-use property in New Paltz/Hudson Valley. This 4,260 sq ft building is set on a prime .22-acre lot with direct river frontage on the Wallkill River, offering unbeatable visibility, endless foot traffic, and direct access to the Rail Trail and River-to-Ridge Trail.
This location could not be better: just steps to Water Street Market, surrounded by shops, restaurants, and all that downtown New Paltz has to offer. A brand-new boutique hotel is currently being built next door, ensuring even greater traffic and exposure for years to come.
The property features a fully remodeled ground-floor commercial space, ideal for attracting both local clientele and year-round tourist business. Upstairs, you'll find two residential apartments - a spacious 4-bedroom unit and a 2-bedroom unit - both sharing an expansive deck with breathtaking views of the Wallkill River and the Shawangunk Ridge.
Bonus: this offering includes not just the building lot, but also a separate, buildable .41-acre lot across the street - currently used for parking & sculpture garden but, offering tremendous potential for future development.
With riverfront access, incredible exposure, and unmatched location, the future of New Paltz is here. Own a true piece of the Village - the possibilities are endless!
Location
State NY
County Ulster County
Rooms
Basement Full
Interior
Heating Oil,Propane
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Utilities Available Electricity Connected,Propane,Sewer Connected,Trash Collection Private,Water Connected
Waterfront Description Waterfront
Building
Sewer Public Sewer
Water Public
Others
Special Listing Condition None