New Listing - 05/05/2025
1-3 Water Street, New Paltz, NY, 12561
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!
Status:
Active
Type:
Commercial
Heating:
Oil, Propane
Cooling:
Wall/Window Unit(s)
Basement:
Full
Est. Taxes:
$13,874
Utilities
Electricity Connected, Propane, Sewer Connected, Trash Collection Private, Water Connected
Waterfront:
Yes
MLS #:
857508
Community Info
School Info
Walk Score
Mass Transit
Yelp
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New or Coming Soon Properties
Listing courtesy of eXp Realty Phone: 888-276-0630