NEW PALTZ NY - ID: 20200203
On the Market
Ulster:20200203_1
Ulster:20200203_1 Ulster:20200203_2 Ulster:20200203_3 Ulster:20200203_4 Ulster:20200203_5 Ulster:20200203_6 Ulster:20200203_7 Ulster:20200203_8 Ulster:20200203_9 Ulster:20200203_10 Ulster:20200203_11 Ulster:20200203_12 Ulster:20200203_13 Ulster:20200203_14 Ulster:20200203_15 Ulster:20200203_16 Ulster:20200203_17 Ulster:20200203_18 Ulster:20200203_19 Ulster:20200203_20 Ulster:20200203_21
click a thumbnail for larger view
  • Price: $990,000
  • Bedrooms: 6
  • Bathrooms: 1 (full)
  • Sq. Feet: 15,900
  • Acreage: 0.60
  • Year Built: 1933
  • School District: NEW PALTZ
  • CONTACT
    Hello Dolly Real Estate
    800.379.2112
    dolly@hellodollyrealestate.com
Property Type: Mixed Use

Description: The finest redevelopment opportunity in New Paltz! Offering includes both 11 & 13 Water Street. Located immediately south of Water Street Market along the Wallkill Valley Rail Trail, the property features a 15, 000 square foot former box factory with original wood beams and 24-foot ceilings, along with a three-bedroom rental house currently leased for $1, 780 per month. Zoning for both lots was recently changed to “Gateway”, allowing a variety of uses including retail, art gallery, office, restaurant, and apartments above the first floor. The warehouse building could be renovated and re-purposed, or a new development could be constructed on all or some of the site. New development potential is enhanced by high-density zoning, central location, and tremendous demand for quality residential product in the Village of New Paltz. Target market could include weekenders or full-timers from NYC, local retirees seeking to down size from their current homes, SUNY professors, and young professionals. 400 feet of direct Rail Trail frontage along the entire length of the lot, plus panoramic Shawangunk mountain and Wallkill River views to the west. 0.57 acre main lot is larger than most central Village parcels, allowing a development of significant scale. Full lot coverage and 3-story/35 foot height permitted. Tie-ins with Water Street Market create a variety of exciting redevelopment opportunities. Existing tenants, including the popular CHBO drum shop and the residents of the three-bedroom rental house, help to defray carrying costs while plans are completed. $990, 000 offering price equates to just $62 psf – excellent value, particularly considering the Property’s irreplaceable New Paltz waterfront location. Opportunity to execute a bold and creative vision that will make an enduring and positive stamp on the Village of New Paltz. See property brochure in associated docs for full detail.

FEATURES:
SURVEY: Yes
ZONE: Gateway
LOT DIMENSIONS: 0.6 Acres

Listing courtesy of: New Paltz Properties / Listing Agent: Matthew Eyler
Copyright Ulster County
What is IDX?
The data on this website relating to real estate comes from the (IDX) of the Multiple Listing Service of Ulster County. Real estate listings of brokerage firms other than Hello Dolly Real Estate are marked with the IDX logo and the detailed information about them includes the listing broker's name. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2021 by the Multiple Listing Service of Ulster County and Hello Dolly Real Estate. All rights reserved.
This page is to be linked to only from hellodollyrealestate.com