1-3 Water Street, New Paltz

$3,690,000

0 Bed
2½ Baths
4,000 Sqft
.22 Acre
0 Garage

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!

Essential Information
MLS® #20251349
Price$3,690,000
Bathrooms2.50
Square Footage4,000
Acres0.22
Year Built1965
TypeCommercial Sale
Sub-TypeMixed Use
StatusActive
Community Information
Address1-3 Water Street
AreaNew Paltz
CityNew Paltz
CountyUlster
StateNY
Zip Code12561
Interior
AppliancesRefrigerator, Range, Oven
CoolingWall Unit(s)
Exterior
ExteriorFrame
ConstructionFrame
Additional Information
ZoningGT
Listing Details
AgentLindsay Stevens
Listing Courtesy of eXp Realty
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