1-3 Water Street, New Paltz, NY 12561 (MLS# 20251349)
$3,640,000
New Paltz, NY 12561
MLS# 20251349
2.5 baths | 4000 sqft
1 / 19
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 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!
Details
Contract Information
Listing Agreement: Exclusive Right To Sell
Owner Name: Cohen
Lease Considered YN: No
Current Price: $3,640,000
Original List Price: 3690000
List Price: $3,640,000
Status: Active
Listing Contract Date: 2025-05-14
Property Sub Type: Mixed Use
Location, Tax, and Legal
911 Address: 1-3 Water St, New Paltz, NY 12561
Township: New Paltz
General Tax: 4269
School Tax: 7976
Tax Annual Amount: 13874
Assessors Full Market Value: 0
Tax Assessed Value: 331600
Parcel Number: 380108603300030010000000
Tax Lot: 1
Tax Block: 3
Tax Exemptions YN: No
Zoning: GT
Directions: From Main Street, head toward the bridge. 1-3 Water Street is located just before the bridge, at the corner of Main Street and Water Street
General Property Information
Number Of Units Total: 4
Lot Size Acres: 0.22
Frontage Length: 132 foot frontage
Sign On Property YN: Yes
List Price/SqFt: 910
Bathrooms Total: 2.5
Living Area: 4000
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: 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 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!
Status Change Information
Status Change Timestamp: 2025-05-14
Major Change Timestamp: 2025-09-30T14:48:34Z
Major Change Type: Price Reduced
Price Change Timestamp: 2025-09-30T14:48:34Z
Appliances
Oven: 1
Range: 1
Refrigerator: 1
Book Information
Liber/Book: 6521
Page: 319
Section: 86-33
Construction Materials
Frame: 1
Cooling
Wall Unit(s): 1
Business Type
Commercial: 1
Rental: 1
Location Tax and Legal
Street Number: 1-3
Street Name: Water
Street Suffix: Street
County: Ulster
State: NY
Zip Code: 12561
Town (Taxable): New Paltz
Property Features
Appliances: Oven; Range; Refrigerator
Business Type: Commercial; Rental
Construction Materials: Frame
Cooling: Wall Unit(s)
Listing Courtesy of eXp Realty
Listing Agent: Lindsay Stevens