Mixed-Use Property with Development
1-3 Water Street, New Paltz, NY 12561
MULTI_FAMILY - New Paltz, NY
Property size:
2,332 SFLot size:
0.63 AcresPrice / SF:
$1,069/SF- Added:
- Apr 20, 2026
- Days on Market:
- 24
- Last Refresh:
- May 13 at 5:06 am
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
- Oil, Energy Star Qualified Equipment (Heating), Propane (Heating)
- Cooling system
- Window Unit(s), Wall/Window Unit(s), Electric
- Water source
- Public
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1965
- Number of units
- 3
- Building materials
- Frame
Listing agent Jacob M. Cohen License #10401374530 (845) 514-7786
Listing office eXp Realty 171 Main Street, Hauppauge, NY (888) 276-0630
Listing date Apr 20, 2026
MLS# 986948
Copyright © 2026 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.
HighLights
- Prime downtown New Paltz location, steps from key attractions.
- Includes a separate .41‑acre buildable parcel zoned for mixed‑use development, representing a rare opportunity.
- Mixed‑use riverfront property with immediate income from two rented residential apartments.
- Vacant 1,208 sq ft ground‑floor commercial space with new energy‑efficient mini‑split systems, suitable for various retail or commercial uses.
- Both apartments have access to a shared riverfront deck overlooking the Wallkill River and Shawangunk Mountains.
- Owner‑user flexibility with income potential and development opportunity.
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
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- New Paltz
- County
- Ulster
- State
- New York
- Longitude
- -74.0901153
- Latitude
- 41.7464653
Nearby Similar for Sale
FAQs
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: Prime downtown New Paltz location, steps from key attractions.; Includes a separate .41‑acre buildable parcel zoned for mixed‑use development, representing a rare opportunity.; Mixed‑use riverfront property with immediate income from two rented residential apartments.
