1-3 Water Street, New Paltz, NY 12561
sale
$3,250,000
|
Other
Courtesy Of exp Realty
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 2,500 sqft 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. 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!
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Property Features
- Age: Over 50 Years Old
- Appliance: Oven
- Appliance: Refrigerator
- Appliance: Range
- Cooling System: Wall Unit(s)
- Exterior Type: Frame
- MLSID: 20251349
- Rooms: Bathroom 2
- Rooms: Bathroom 3
- Rooms: Bathroom 1
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