Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1-3 Water St New Paltz, NY 12561

    For Sale
    $3,640,000

    Business - New Paltz, NY

    Type:Business
    Property size:
    2,500 SF
    Days on Market:
    75
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 1-3 Water St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Rooms
    Basement
    APN
    513801.086.033-0003-001.000/0000
    Basement Y/N
    1
    Size
    2,500 SF

    Utilities

    Heating system
    Oil, Propane (Heating)
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Building materials
    Frame
    Architectural style
    Other

    eXp Realty (888) 276-0630 [email protected]

    Listing agent Jacob M. Cohen (888) 276-0630 License #10401374530

    Listing date Sep 30, 2025

    MLS# 857508 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Mixed-Use Property in New Paltz

    Located at 1-3 Water Street in New Paltz, this mixed-use property offers a rare opportunity in the Hudson Valley. The 4,260 square foot building is situated on a 0.22-acre lot with direct river frontage on the Wallkill River, providing visibility, foot traffic, and access to the Rail Trail and River-to-Ridge Trail. The property is located steps from Water Street Market and surrounded by shops and restaurants in downtown New Paltz. A new boutique hotel is under construction next door. The property features a remodeled ground-floor commercial space. Upstairs are two residential apartments: a four-bedroom unit and a two-bedroom unit, both sharing a deck with views of the Wallkill River and the Shawangunk Ridge. The offering includes a separate 0.41-acre buildable lot across the street, currently used for parking and a sculpture garden, with potential for future development. The property is suitable for attracting local clientele and year-round tourist business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Paltz
    County
    Ulster
    State
    New York
    Longitude
    -74.090495
    Latitude
    41.744797

    Nearby Similar for Sale

    • $2,999,500
      7,476 SF

      Iconic Hudson Valley Commercial Property

      High-traffic location suitable for restaurant, brewery, or mixed-use development.
      3 Main St, New Paltz, NY 12561
      View Details
    • $2,999,500
      2.03 Acres

      Iconic Hudson Valley Corner Lot

      High-traffic location suitable for various business ventures.
      3 Main St, New Paltz, NY 12561
      View Details
    • $1,400,000
      71.80 Acres

      Expansive New Paltz Equestrian Estate

      71.8-acre New Paltz property with equestrian and agritourism potential.
      239 Springtown Rd, New Paltz, NY 12561
      View Details
    • $720,000
      1,990 SF

      Turn-Key Mixed-Use New Paltz

      Commercial and residential property in the heart of New Paltz.
      46 N Chestnut St, New Paltz, NY 12561
      View Details
    • $134,999
      1.06 Acres

      Turn-Key Ice Cream Shop

      Profitable, fully equipped ice cream shop in high-traffic location.
      188 Main St, New Paltz, NY 12561
      View Details
    • $495,000
      Pending

      Turnkey Investment Triplex in New Paltz

      Income-generating 3-family property in New Paltz on 2.1 acres.
      232 State Route 32 S, New Paltz, NY 12561
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with river frontage, development potential, and prime location.
    Where is this mixed-use property located?
    The property is located at 1-3 Water St New Paltz, NY.
    What is the asking price?
    The asking price for this property is $3,640,000.
    What are key features of this property?
    This property features: - Prime riverfront location on the Wallkill River with direct access to Rail Trail and River-to-Ridge Trail.; - Fully remodeled ground-floor commercial space in a high-traffic area, ideal for attracting customers.; - Includes a separate, buildable .41-acre lot across the street for future development.
    (888) 276-0630
    Request Owner's contact information
    1-3 Water St New Paltz, NY 12561
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1-3 Water St
    New Paltz, NY 12561
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1-3 Water St New Paltz, NY 12561
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.