Riverfront Mixed-Use
For Sale
$1,999,000
1-3 Water Street, New Paltz, NY 12561
Commercial Sale, New Paltz, NY
Property Size2,332 SF
Price / SF$857.20
Days on Market165
Property Features for 1-3 Water Street
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking features
Parking Lot, Driveway
Basement
Full
Lot features
Corner Lot, Near Public Transit, Waterfront
View
River
Directions
From Main Street, head toward the bridge. 1-3 Water Street is located just before the bridge.
Standard status
Active
APN
3801-086.033-0003-001.000-0000
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19227
Utilities
Sewer type
Public Sewer
Heating system
Energy Star Qualified Equipment (Heating), Oil, Propane (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Electric
Water source
Public
Water front features
Waterfront
Water front
1
Amenities
shared riverfront deck
Building Details
Year built
1965
Number of units
3
Building materials
Frame
Listing Agency:
eXp Realty
(888) 276-0630
Listed By:
Jacob M. Cohen · License #10401374530
(845) 514-7786
Added: Apr 20
Changed: Sep 28
Last Checked: Oct 1 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This frame mixed-use property includes a 2,332-square-foot building constructed in 1965. The 1,208-square-foot ground-floor commercial area is vacant and equipped with new energy-efficient mini-split systems. Two residential apartments occupy the upper level, including four-bedroom and two-bedroom layouts, and both are currently rented. Residents share a riverfront deck with views toward the Wallkill River and Shawangunk Mountains.
The offering also includes a separate 0.41-acre parcel directly across the street. Currently used for parking and a sculpture garden, the lot is identified as buildable and is zoned for mixed-use development up to three stories. The main property occupies 0.22 acres along the Wallkill River in the downtown business district. Water Street Market, the Rail Trail, the River-to-Ridge Trail system, SUNY New Paltz, and the New Paltz Way Boutique Hotel are listed in the surrounding downtown context. Public water and public sewer serve the property.
The offering also includes a separate 0.41-acre parcel directly across the street. Currently used for parking and a sculpture garden, the lot is identified as buildable and is zoned for mixed-use development up to three stories. The main property occupies 0.22 acres along the Wallkill River in the downtown business district. Water Street Market, the Rail Trail, the River-to-Ridge Trail system, SUNY New Paltz, and the New Paltz Way Boutique Hotel are listed in the surrounding downtown context. Public water and public sewer serve the property.
Key Highlights
- 2,332 sq ft mixed‑use building on a 0.22‑acre riverfront parcel
- 1,208 sq ft vacant commercial area with new energy‑efficient mini‑split systems
- Two rented apartments: one 4‑bedroom and one 2‑bedroom
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
Explore this area
Business Placement
Demographics for 12561, NY
18,726
Population
7,081
Households
2.6
Avg Household Size
36
Median Age
56%
College-Educated
97%
High-School Grad
60.3 sq mi
ZIP Area
311
Density / Sq Mi
$89,694
Median Household Income
$25,612
Median Earnings
$1,603
Median Rent
$411,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with vacant commercial space, two rented apartments, and a separate development parcel across the street.
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 $1,999,000.
What are key features of this property?
This property features: 2,332 sq ft mixed‑use building on a 0.22‑acre riverfront parcel; 1,208 sq ft vacant commercial area with new energy‑efficient mini‑split systems; Two rented apartments: one 4‑bedroom and one 2‑bedroom
