500 Main St New Paltz, NY 12561
- Banks
- 608 SF
- 1.70 lot acres
Current Use by Public Records
- Banks
Property Details for 500 Main St
- Year built
- 1965
- Lot size
- 1.70 lot acres
- Property size
- 608 SF
- Zone code
- B2
- Property type
- Banks
- APN
- 513889 87.9-2-21.120
- APU
- 513889879221120
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Paltz
- County
- Ulster
- State
- New York
- Longitude
- -74.056
- Latitude
- 41.7397
- CBSA code
- 28740
- CBSA name
- KINGSTON, NY METROPOLITAN STATISTICAL AREA
