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Mixed-Use Property with Development Potential

1-3 Water Street, New Paltz, NY 12561

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For Sale

$2,495,000

MULTI_FAMILY - New Paltz, NY

Property size:

2,332 SF

Lot size:

0.63 Acres

Price / SF:

$1,069/SF

HighLights

2,332 sq ft mixed‑use commercial building built in 1965 on a .22‑acre parcel along the Wallkill River in downtown New Paltz
Ground‑floor 1,208 sq ft commercial space is vacant and has new energy‑efficient mini‑split systems
Two residential apartments above the commercial space: one 4‑bedroom and one 2‑bedroom, both currently rented
Shared riverfront deck off the apartments overlooks the Wallkill River and the Shawangunk Mountains
Separate .41‑acre buildable parcel across the street is zoned for mixed‑use development up to three stories
Included .41‑acre parcel is currently used for parking and a sculpture garden

We can help!

Contact an agent

Jacob M. Cohen

For Sale

$2,495,000

MULTI_FAMILY - New Paltz, NY

Property size:

2,332 SF

Lot size:

0.63 Acres

Price / SF:

$1,069/SF

Added:: Apr 20, 2026
Days on Market:: 69
Last Refresh:: Jun 27 at 4:06 pm

Property Features for 1-3 Water Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Rooms: Basement
Parking features: Driveway, Parking Lot
Basement: Full
Standard status: Active
APN: 3801-086.033-0003-001.000-0000
Size: 2,332 SF
Lot size: 0.63 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Annual Amount: 13874

Utilities

Sewer type: Public Sewer
Heating system: Propane (Heating), Energy Star Qualified Equipment (Heating), Oil
Cooling system: Electric, Window Unit(s), Wall/Window Unit(s)
Water source: Public
Water front features: Waterfront
Water front: 1

Building Details

Year built: 1965
Number of units: 3
Building materials: Frame

We can help!

Contact an agent

Jacob M. Cohen

Listing agent Jacob M. Cohen License #10401374530

Listing office eXp Realty 171 Main Street, Hauppauge, NY

Listing date Apr 20, 2026

MLS# 986948

HighLights

2,332 sq ft mixed‑use commercial building built in 1965 on a .22‑acre parcel along the Wallkill River in downtown New Paltz
Ground‑floor 1,208 sq ft commercial space is vacant and has new energy‑efficient mini‑split systems
Two residential apartments above the commercial space: one 4‑bedroom and one 2‑bedroom, both currently rented
Shared riverfront deck off the apartments overlooks the Wallkill River and the Shawangunk Mountains
Separate .41‑acre buildable parcel across the street is zoned for mixed‑use development up to three stories
Included .41‑acre parcel is currently used for parking and a sculpture garden

Overview

Located in downtown New Paltz, this mixed-use riverfront property at 1-3 Water Street offers income, flexibility, and development potential within the business district. The property includes a 2,332 sq ft mixed-use commercial building on a 0.22-acre parcel along the Wallkill River. The location is near the Water Street Market, Rail Trail, River-to-Ridge Trail system, SUNY New Paltz, and the New Paltz Way Boutique Hotel. The ground-floor commercial space, comprising 1,208 sq ft, is currently vacant and features new energy-efficient mini-split systems, suitable for retail and boutique commercial concepts. Above the commercial space are two rented residential apartments, a 4-bedroom and a 2-bedroom, generating income. Each apartment has access to a shared riverfront deck overlooking the Wallkill River and Shawangunk Mountains. Included is a separate 0.41-acre buildable parcel across the street, currently used for parking and a sculpture garden. This lot is zoned for mixed-use development up to three stories and represents a development opportunity within the downtown business corridor of New Paltz.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: New Paltz
County: Ulster
State: New York
Longitude: -74.0901153
Latitude: 41.7464653

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For sale
Mixed-use properties
NY
New Paltz
12561
1-3 Water Street

What type of property is this?

Mixed-use property - Mixed-use property with income and development potential in New Paltz.

Where is this mixed-use property located?

The property is located at 1-3 Water Street New Paltz, NY.

What is the asking price?

The asking price for this property is $2,495,000.

What are key features of this property?

This property features: 2,332 sq ft mixed‑use commercial building built in 1965 on a .22‑acre parcel along the Wallkill River in downtown New Paltz; Ground‑floor 1,208 sq ft commercial space is vacant and has new energy‑efficient mini‑split systems; Two residential apartments above the commercial space: one 4‑bedroom and one 2‑bedroom, both currently rented

1-3 Water Street, New Paltz, NY 12561

MULTI_FAMILY - New Paltz, NY

Property Features for 1-3 Water Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mixed-Use Brewery and Hospitality Building

Victorian Brick Triplex Opportunity

Iconic Hudson Valley Destination

Turn-Key Ice Cream Shop

New Paltz Office Building For Sale

Mixed-Use Development in New Paltz

Victorian Triplex in New Paltz

Fourplex with Mixed Unit Sizes

7.3 Acres in New Paltz

Fully Occupied 3-Family Investment Property

Redevelopment Opportunity in New Paltz

New Paltz Mixed-Use Investment

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