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    500 Main St New Paltz, NY 12561

    Sponsored
    For Sale
    $2,300,000

    2.11 Acres, Prime Location, $2.3M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.11-acre commercial development site presents a unique investment opportunity in the thriving town of New Paltz, New York. Located at the highly visible intersection of Route 299 and S Ohioville Road, this property benefits from a signalized corner location, ensuring maximum exposure for any future development. Its strategic position just off I-87 Exit 18 provides easy access to major transportation routes, enhancing its appeal to a wide range of businesses. The site is zoned Gateway Hamlet (GH) Commercial, offering flexibility for various development projects. Existing infrastructure includes Central Hudson electric service to the site. While the previous occupant, the College Diner, utilized a drilled well and septic system, the property's proximity to a Central Hudson natural gas line on Route 299 offers convenient utility access for future construction. This prime location, combined with its generous size and favorable zoning, makes this a truly exceptional opportunity for investors seeking high-impact commercial development in a vibrant and growing community. The asking price for this exceptional property is $2,300,000. The address is 500 Main St, New Paltz, NY 12561, in Ulster County.

    Property Features for 500 Main St

    General Information

    Property type
    Retail properties
    Lot Size
    91,912 SF

    HighLights

    • 2.11‑acre commercial development site in New Paltz, NY.
    • High‑visibility corner lot at Route 299 and S Ohioville Road with signalized intersection.
    • Excellent access to I‑87 Exit 18.
    • Gateway Hamlet (GH) Commercial zoning.
    • Central Hudson electric service available.
    • Proximity to natural gas line on Route 299.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon 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
    -74.0561286
    Latitude
    41.7400527

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    FAQs

    What type of property is this?
    Retail property - 2.11 Acres, Prime Location, $2.3M
    Where is this retail property located?
    The property is located at 500 Main St New Paltz, NY.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: 2.11-acre commercial development site in New Paltz, NY.; High-visibility corner lot at Route 299 and S Ohioville Road with signalized intersection.; Excellent access to I-87 Exit 18.
    Request Owner's contact information
    500 Main St New Paltz, NY 12561
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    New Paltz, NY 12561
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    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
    500 Main St New Paltz, NY 12561
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