235 Main St, New Paltz, NY 12561-1308
This exceptional mixed-use property at 235 Main Street, New Paltz, NY 12561, presents a compelling investment opportunity. The offering encompasses two adjacent parcels totaling approximately 1.89 acres, strategically located in the heart of New Paltz. The main parcel features a 2,758 square foot, two-story commercial building, currently configured as a three-unit commercial space and a separate, approximately 600 square foot restaurant building. Both buildings benefit from ample parking. The property is situated in a COM1 commercial zone, offering flexibility for various uses. The second parcel is a vacant 1.43-acre lot zoned R-1, presenting potential for future residential development. The existing buildings were constructed in 1965 and boast four units. The property is connected to municipal sewer but currently utilizes a well for water. Detailed financial information, county records, zoning details, and permitted uses are available upon request. This prime location offers exceptional walkability to shopping, the college, restaurants, and other amenities. The asking price is $585,000, translating to $212.11 per square foot. This presents a rare chance to acquire a substantial mixed-use property with significant upside potential in a thriving New York community.
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New Nelly's Restaurant II Restaurant
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Green Taxi, LLC Courier Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R1 · New Paltz, NYNew Paltz. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.